HUYA Inc. (NYSE:HUYA) Receives $5.68 Average PT from Brokerages

HUYA Inc. (NYSE:HUYA - Get Free Report) has been assigned an average rating of "Hold" from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $5.68.

A number of equities analysts recently issued reports on HUYA shares. Daiwa Capital Markets downgraded shares of HUYA from an "outperform" rating to a "neutral" rating in a report on Tuesday. Daiwa America downgraded shares of HUYA from a "strong-buy" rating to a "hold" rating in a report on Tuesday.

HUYA Stock Up 0.0 %

Shares of NYSE HUYA traded up $0.00 during trading on Tuesday, reaching $3.21. 5,263,730 shares of the company traded hands, compared to its average volume of 1,529,479. The firm has a 50 day simple moving average of $3.72 and a 200-day simple moving average of $3.67. The stock has a market capitalization of $726.88 million, a PE ratio of -35.68 and a beta of 0.72. HUYA has a 52-week low of $2.82 and a 52-week high of $6.84.

HUYA (NYSE:HUYA - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business's revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. As a group, research analysts predict that HUYA will post 0.16 EPS for the current year.

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HUYA Announces Dividend

The company also recently declared an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $1.47 per share. This represents a yield of 42.55%. The ex-dividend date of this dividend is Tuesday, June 17th. HUYA's dividend payout ratio is currently -4,900.00%.

Institutional Investors Weigh In On HUYA

Several institutional investors and hedge funds have recently modified their holdings of the stock. Amiral Gestion bought a new stake in shares of HUYA during the fourth quarter valued at approximately $307,000. Formidable Asset Management LLC raised its position in shares of HUYA by 7.2% during the fourth quarter. Formidable Asset Management LLC now owns 108,000 shares of the company's stock valued at $332,000 after buying an additional 7,300 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of HUYA by 2.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company's stock valued at $439,000 after buying an additional 3,545 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of HUYA during the fourth quarter valued at approximately $516,000. Finally, D. E. Shaw & Co. Inc. raised its position in shares of HUYA by 10.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 268,482 shares of the company's stock valued at $824,000 after buying an additional 25,521 shares during the last quarter. Institutional investors own 23.20% of the company's stock.

About HUYA

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.