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

HUYA Inc. (NYSE:HUYA) has been given a consensus recommendation of “Hold” by the six ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $5.68.

Several equities research analysts have weighed in on HUYA shares. Bank of America cut shares of HUYA from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $5.80 to $4.00 in a research report on Wednesday, November 6th. HSBC restated a “hold” rating and issued a $4.70 price objective on shares of HUYA in a research report on Friday, October 11th. Hsbc Global Res cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, Citigroup lowered their price objective on shares of HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a research report on Thursday, November 14th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HUYA. WCM Investment Management LLC boosted its stake in shares of HUYA by 4,396.5% in the 4th quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock valued at $8,505,000 after purchasing an additional 2,790,696 shares during the last quarter. FMR LLC boosted its stake in HUYA by 236.8% during the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after acquiring an additional 1,681,800 shares during the last quarter. Millennium Management LLC bought a new position in HUYA during the 2nd quarter worth approximately $5,197,000. Canada Pension Plan Investment Board bought a new position in HUYA during the 2nd quarter worth approximately $2,052,000. Finally, Marshall Wace LLP boosted its stake in HUYA by 177.6% during the 2nd quarter. Marshall Wace LLP now owns 784,081 shares of the company’s stock worth $3,097,000 after acquiring an additional 501,681 shares during the last quarter. Institutional investors own 23.20% of the company’s stock.

HUYA Stock Performance

Shares of HUYA stock opened at $3.56 on Thursday. HUYA has a 52-week low of $2.82 and a 52-week high of $6.84. The stock has a market cap of $804.75 million, a price-to-earnings ratio of -39.50 and a beta of 0.62. The firm has a fifty day moving average of $3.17 and a 200-day moving average of $3.78.

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

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.