Analysts Set HUYA Inc. (NYSE:HUYA) Price Target at $5.68

HUYA Inc. (NYSE:HUYA - Get Free Report) has been assigned an average recommendation of "Hold" from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Six equities research 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 brokers that have issued ratings on the stock in the last year is $5.68.

HUYA has been the topic of a number of research analyst reports. Daiwa Capital Markets cut HUYA from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 18th. Daiwa America lowered shares of HUYA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 18th.

HUYA Stock Down 0.4 %

HUYA traded down $0.02 on Friday, hitting $3.33. The company's stock had a trading volume of 345,224 shares, compared to its average volume of 2,112,988. HUYA has a 12 month low of $2.82 and a 12 month high of $6.84. The firm has a market cap of $752.69 million, a P/E ratio of -36.94 and a beta of 0.73. The company's 50 day simple moving average is $3.61 and its 200-day simple moving average is $3.53.

HUYA (NYSE:HUYA - Get Free Report) last released its quarterly earnings data 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 the consensus estimate 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 for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Equities analysts predict that HUYA will post 0.16 earnings per share for the current fiscal year.

HUYA Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA's payout ratio is currently -4,766.67%.

Institutional Investors Weigh In On HUYA

Hedge funds have recently added to or reduced their stakes in the stock. Amiral Gestion purchased a new stake in HUYA during the 4th quarter valued at about $307,000. Formidable Asset Management LLC increased 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 acquiring an additional 7,300 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of HUYA by 2.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company's stock worth $439,000 after purchasing an additional 3,545 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in HUYA in the 4th quarter worth about $516,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in HUYA by 10.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 268,482 shares of the company's stock valued at $824,000 after acquiring an additional 25,521 shares during the period. 23.20% of the stock is owned by institutional investors.

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.