HUYA (NYSE:HUYA) Shares Down 4.6% – What’s Next?

Shares of HUYA Inc. (NYSE:HUYA) fell 4.6% during trading on Thursday . The company traded as low as $2.92 and last traded at $2.93. 949,820 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 1,510,556 shares. The stock had previously closed at $3.07.

Analyst Upgrades and Downgrades

HUYA has been the topic of a number of research analyst reports. Citigroup lowered their price objective on shares of HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. HSBC reissued a “hold” rating and set a $4.70 price target on shares of HUYA in a report on Friday, October 11th. Hsbc Global Res cut HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, Bank of America cut HUYA from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $5.80 to $4.00 in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.68.

HUYA Trading Up 3.1 %

The firm has a 50 day moving average price of $3.18 and a 200 day moving average price of $3.91. The stock has a market capitalization of $688.17 million, a PE ratio of -33.78 and a beta of 0.60.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.30. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the business posted $0.05 earnings per share. The business’s quarterly revenue was down 7.6% on a year-over-year basis. On average, equities research analysts expect that HUYA Inc. will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC grew its holdings in HUYA by 526.0% during the 2nd quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock valued at $13,011,000 after buying an additional 2,770,594 shares in the last quarter. FMR LLC grew its stake in HUYA by 236.8% during the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after acquiring an additional 1,681,800 shares in the last quarter. Millennium Management LLC bought a new stake in HUYA in the 2nd quarter valued at $5,197,000. Canada Pension Plan Investment Board purchased a new stake in HUYA in the 2nd quarter worth $2,052,000. Finally, Marshall Wace LLP boosted its holdings in shares of HUYA by 177.6% during the 2nd quarter. Marshall Wace LLP now owns 784,081 shares of the company’s stock valued at $3,097,000 after purchasing an additional 501,681 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.