HUYA Inc. (NYSE:HUYA) Receives Average Rating of "Hold" from Analysts

Shares of HUYA Inc. (NYSE:HUYA - Get Free Report) have earned a consensus recommendation of "Hold" from the six research firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $5.68.

HUYA has been the subject of several recent research reports. HSBC reiterated a "hold" rating and set a $4.70 target price on shares of HUYA in a research note on Friday, October 11th. Citigroup reduced their price target on shares of HUYA from $5.90 to $5.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Bank of America downgraded shares of HUYA from a "buy" rating to a "neutral" rating and reduced their price target for the company from $5.80 to $4.00 in a report on Wednesday, November 6th. Finally, Hsbc Global Res downgraded shares of HUYA from a "strong-buy" rating to a "hold" rating in a report on Friday, October 11th.

HUYA Price Performance

Shares of NYSE:HUYA traded down $0.05 during midday trading on Thursday, reaching $3.45. The company had a trading volume of 732,023 shares, compared to its average volume of 1,511,083. The stock's fifty day moving average price is $3.11 and its 200-day moving average price is $3.81. The stock has a market capitalization of $779.84 million, a P/E ratio of -38.28 and a beta of 0.62. HUYA has a one year low of $2.82 and a one year high of $6.84.

HUYA (NYSE:HUYA - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.30. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates 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 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 earnings per share. As a group, sell-side analysts forecast that HUYA will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On HUYA

Several institutional investors have recently bought and sold shares of HUYA. Seldon Capital LP bought a new stake in HUYA in the third quarter worth about $51,000. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in HUYA during the 3rd quarter worth about $61,000. Smith Anglin Financial LLC acquired a new stake in HUYA during the 3rd quarter worth about $73,000. XTX Topco Ltd acquired a new stake in HUYA during the 3rd quarter worth about $90,000. Finally, Quantbot Technologies LP raised its holdings in HUYA by 18.9% during the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company's stock worth $118,000 after buying an additional 3,685 shares during the period. Institutional investors and hedge funds own 23.20% of the company's stock.

HUYA Company Profile

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.