HUYA (NYSE:HUYA) Shares Gap Up - Should You Buy?

HUYA Inc. (NYSE:HUYA - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $3.45, but opened at $3.64. HUYA shares last traded at $3.53, with a volume of 406,104 shares traded.

Analysts Set New Price Targets

A number of brokerages have issued reports on HUYA. Hsbc Global Res lowered HUYA from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 11th. Citigroup upgraded HUYA from a "sell" rating to a "buy" rating and raised their price objective for the stock from $2.40 to $6.00 in a report on Wednesday, August 14th. Finally, HSBC restated a "hold" rating and issued a $4.70 price objective on shares of HUYA in a report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $6.38.

HUYA Stock Performance

The business has a fifty day moving average price of $4.42 and a 200 day moving average price of $4.53. The company has a market capitalization of $804.14 million, a PE ratio of -34.50 and a beta of 0.60.

HUYA (NYSE:HUYA - Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.06 by $0.35. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate 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 period last year, the business posted $0.05 EPS. Research analysts forecast that HUYA Inc. will post 0.17 earnings per share for the current fiscal year.

HUYA Increases Dividend

The business also recently announced a -- dividend, which will be paid on Friday, October 25th. Investors of record on Wednesday, October 9th will be issued a dividend of $1.06 per share. This is an increase from HUYA's previous -- dividend of $0.64. The ex-dividend date is Wednesday, October 9th.

Institutional Investors Weigh In On HUYA

Several hedge funds have recently modified their holdings of the stock. Bayesian Capital Management LP grew its stake in HUYA by 22.0% during the 1st quarter. Bayesian Capital Management LP now owns 19,374 shares of the company's stock valued at $88,000 after purchasing an additional 3,500 shares in the last quarter. BNP Paribas Financial Markets grew its stake in HUYA by 8.7% during the 1st quarter. BNP Paribas Financial Markets now owns 108,506 shares of the company's stock valued at $494,000 after purchasing an additional 8,680 shares in the last quarter. Smith Anglin Financial LLC acquired a new stake in HUYA during the 3rd quarter valued at approximately $73,000. Dimensional Fund Advisors LP grew 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 valued at $4,209,000 after purchasing an additional 21,338 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in HUYA during the 1st quarter valued at approximately $222,000. 23.20% of the stock is currently owned by hedge funds and other 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.