HUYA Inc. (NYSE:HUYA - Get Free Report) has been given an average recommendation of "Hold" by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $5.93.
Several equities research analysts have weighed in on the company. 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 downgraded HUYA from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $5.80 to $4.00 in a research report on Wednesday. HSBC reaffirmed a "hold" rating and issued a $4.70 price objective on shares of HUYA in a research note on Friday, October 11th. Finally, Citigroup raised shares of HUYA from a "sell" rating to a "buy" rating and increased their target price for the stock from $2.40 to $6.00 in a report on Wednesday, August 14th.
Check Out Our Latest Stock Analysis on HUYA
HUYA Price Performance
HUYA stock traded down $0.08 during midday trading on Friday, hitting $3.22. The company's stock had a trading volume of 1,764,355 shares, compared to its average volume of 2,123,626. The company has a market cap of $750.52 million, a price-to-earnings ratio of -35.78 and a beta of 0.62. HUYA has a 1-year low of $2.92 and a 1-year high of $6.84. The company has a 50-day moving average price of $4.15 and a two-hundred day moving average price of $4.40.
HUYA (NYSE:HUYA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.35. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. HUYA had a positive return on equity of 0.53% and a negative net margin of 2.69%. The company's revenue was down 16.1% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS. Sell-side analysts forecast that HUYA will post 0.15 EPS for the current year.
HUYA Increases Dividend
The company also recently declared a -- dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were issued a dividend of $1.06 per share. This is a positive change from HUYA's previous -- dividend of $0.64. The ex-dividend date of this dividend was Wednesday, October 9th.
Institutional Trading of HUYA
A number of large investors have recently bought and sold shares of the business. Bayesian Capital Management LP grew its holdings in HUYA by 22.0% in the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company's stock worth $88,000 after purchasing an additional 3,500 shares during the period. BNP Paribas Financial Markets boosted its position in shares of HUYA by 8.7% during the 1st quarter. BNP Paribas Financial Markets now owns 108,506 shares of the company's stock worth $494,000 after purchasing an additional 8,680 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of HUYA in the 3rd quarter valued at about $61,000. Smith Anglin Financial LLC bought a new stake in HUYA in the 3rd quarter valued at about $73,000. Finally, Dimensional Fund Advisors LP raised its stake in HUYA by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,066,613 shares of the company's stock worth $4,209,000 after buying an additional 21,338 shares during the period. 23.20% of the stock is currently owned by institutional investors and hedge funds.
About HUYA
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Get Free ReportHUYA 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.
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