Citigroup Issues Pessimistic Forecast for HUYA (NYSE:HUYA) Stock Price

HUYA (NYSE:HUYA) had its target price dropped by research analysts at Citigroup from $5.90 to $5.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 62.87% from the company’s current price.

Several other research analysts have also issued reports on the stock. Hsbc Global Res lowered shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. HSBC reiterated a “hold” rating and set a $4.70 price objective on shares of HUYA in a research report on Friday, October 11th. Finally, Bank of America lowered shares of HUYA from a “buy” rating to a “neutral” rating and lowered their target price for the company from $5.80 to $4.00 in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, HUYA currently has an average rating of “Hold” and an average target price of $5.68.

HUYA Stock Up 0.7 %

HUYA stock traded up $0.02 during midday trading on Thursday, hitting $3.07. 704,953 shares of the stock were exchanged, compared to its average volume of 1,565,300. HUYA has a 52-week low of $2.92 and a 52-week high of $6.84. The stock has a market capitalization of $715.56 million, a price-to-earnings ratio of -34.11 and a beta of 0.62. The business’s 50-day moving average price is $4.09 and its 200-day moving average price is $4.37.

HUYA (NYSE:HUYA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.30. The company had revenue of $1.54 billion for 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 0.29%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 earnings per share. On average, sell-side analysts predict that HUYA will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of HUYA

A number of hedge funds and other institutional investors have recently modified their holdings of HUYA. Seldon Capital LP purchased a new position in HUYA in the third quarter valued at about $51,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of HUYA in the third quarter worth about $61,000. Smith Anglin Financial LLC acquired a new position in HUYA during the third quarter valued at approximately $73,000. Bayesian Capital Management LP boosted its position in HUYA by 22.0% during the first 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 during the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of HUYA by 18.9% in the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after buying an additional 3,685 shares during the last quarter. Institutional investors 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.