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

Shares of HUYA Inc. (NYSE:HUYA) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $5.68.

HUYA has been the topic of several recent analyst reports. Bank of America downgraded shares of HUYA from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $5.80 to $4.00 in a research report on Wednesday, November 6th. Hsbc Global Res downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. HSBC reaffirmed a “hold” rating and set a $4.70 target price on shares of HUYA in a research note on Friday, October 11th. Finally, Citigroup cut their target price on shares of HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a research note on Thursday, November 14th.

Hedge Funds Weigh In On HUYA

A number of institutional investors and hedge funds have recently made changes to their positions in HUYA. Commonwealth Equity Services LLC purchased a new position in shares of HUYA in the 2nd quarter worth $291,000. Dimensional Fund Advisors LP boosted its stake in shares of HUYA by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,066,613 shares of the company’s stock worth $4,209,000 after purchasing an additional 21,338 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of HUYA during the 2nd quarter worth about $2,052,000. Sei Investments Co. boosted its stake in shares of HUYA by 432.5% during the 2nd quarter. Sei Investments Co. now owns 77,261 shares of the company’s stock worth $305,000 after purchasing an additional 62,753 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of 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 purchasing an additional 501,681 shares during the period. 23.20% of the stock is owned by hedge funds and other institutional investors.

HUYA Stock Up 10.3 %

HUYA opened at $3.80 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 $859.08 million, a PE ratio of -42.17 and a beta of 0.62. The business’s fifty day simple moving average is $3.14 and its 200 day simple moving average is $3.80.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.30. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm earned $0.05 earnings per share. The company’s quarterly revenue was down 7.6% on a year-over-year basis. As a group, equities analysts anticipate 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.