HUYA Inc. (NYSE:HUYA) Receives Consensus Recommendation of "Hold" from Brokerages

HUYA Inc. (NYSE:HUYA - Get Free Report) has received a consensus recommendation of "Hold" from the six brokerages that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $5.68.

A number of brokerages have recently commented on HUYA. Citigroup cut their target price on shares of HUYA from $5.90 to $5.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Hsbc Global Res cut HUYA from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 11th. Bank of America lowered HUYA from a "buy" rating to a "neutral" rating and lowered their target price for the company from $5.80 to $4.00 in a research note on Wednesday, November 6th. Finally, HSBC reissued a "hold" rating and set a $4.70 price target on shares of HUYA in a research report on Friday, October 11th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in HUYA by 160.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293,100 shares of the company's stock valued at $1,158,000 after acquiring an additional 180,600 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of HUYA by 162.4% during the second quarter. Mackenzie Financial Corp now owns 171,584 shares of the company's stock worth $678,000 after purchasing an additional 106,182 shares during the last quarter. Millennium Management LLC acquired a new position in HUYA in the second quarter worth about $5,197,000. Caxton Associates LP increased its holdings in HUYA by 407.5% in the second quarter. Caxton Associates LP now owns 411,811 shares of the company's stock valued at $1,627,000 after buying an additional 330,659 shares during the last quarter. Finally, FMR LLC raised its stake in HUYA by 236.8% during the third quarter. FMR LLC now owns 2,391,957 shares of the company's stock valued at $12,199,000 after buying an additional 1,681,800 shares in the last quarter. Institutional investors and hedge funds own 23.20% of the company's stock.

HUYA Stock Performance

Shares of HUYA traded down $0.04 during trading hours on Friday, hitting $3.05. The stock had a trading volume of 647,689 shares, compared to its average volume of 1,516,562. HUYA has a 12-month low of $2.89 and a 12-month high of $6.84. The firm has a market cap of $710.90 million, a P/E ratio of -33.89 and a beta of 0.60. The company's fifty day simple moving average is $3.23 and its 200 day simple moving average is $3.95.

HUYA (NYSE:HUYA - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.30. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company's revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. As a group, sell-side analysts predict that HUYA will post 0.16 earnings per share for the current fiscal year.

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.