HUYA Inc. (NYSE:HUYA) Receives $6.38 Consensus PT from Brokerages

HUYA Inc. (NYSE:HUYA - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $6.38.

Several research firms recently commented on HUYA. Hsbc Global Res cut HUYA from a "strong-buy" rating to a "hold" rating in a research note on Friday. Citigroup upgraded HUYA from a "sell" rating to a "buy" rating and upped their price objective for the company from $2.40 to $6.00 in a research note on Wednesday, August 14th. Finally, HSBC restated a "hold" rating and set a $4.70 price objective on shares of HUYA in a research note on Friday.

Institutional Trading of HUYA

A number of institutional investors and hedge funds have recently made changes to their positions in HUYA. Smith Anglin Financial LLC acquired a new stake in shares of HUYA during the 3rd quarter worth approximately $73,000. Bayesian Capital Management LP raised its position in shares of HUYA by 22.0% during the 1st 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. Headlands Technologies LLC bought a new position in HUYA in the 2nd quarter worth approximately $205,000. Susquehanna Fundamental Investments LLC bought a new position in HUYA in the 1st quarter worth approximately $222,000. Finally, Commonwealth Equity Services LLC bought a new position in HUYA in the 2nd quarter worth approximately $291,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

HUYA Stock Down 7.7 %

Shares of NYSE HUYA traded down $0.32 on Tuesday, hitting $3.81. The company had a trading volume of 2,097,015 shares, compared to its average volume of 1,519,288. HUYA has a 12-month low of $2.82 and a 12-month high of $6.84. The business has a 50 day moving average of $4.47 and a two-hundred day moving average of $4.55. The firm has a market capitalization of $888.05 million, a P/E ratio of -38.30 and a beta of 0.60.

HUYA (NYSE:HUYA - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.06 by $0.35. HUYA had a positive return on equity of 0.53% and a negative net margin of 2.69%. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company's revenue was down 16.1% compared to the same quarter last year. On average, sell-side analysts anticipate that HUYA will post 0.17 earnings per share for the current year.

HUYA Increases Dividend

The business also recently declared a -- dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th will be given a dividend of $1.06 per share. This is a boost from HUYA's previous -- dividend of $0.64. The ex-dividend date of this dividend is Wednesday, October 9th.

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.