Equities research analysts at Daiwa Capital Markets assumed coverage on shares of HUYA (NYSE:HUYA) in a note issued to investors on Monday, The Fly reports. The firm set a “neutral” rating on the stock.
Other analysts have also recently issued reports about the company. Citigroup started coverage on HUYA in a report on Monday, October 29th. They set a “buy” rating and a $26.00 price target for the company. Goldman Sachs Group raised HUYA from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $34.00 to $28.00 in a report on Thursday, December 6th. JPMorgan Chase & Co. started coverage on HUYA in a report on Tuesday, November 27th. They set a “neutral” rating for the company. Finally, Credit Suisse Group raised HUYA from a “neutral” rating to an “outperform” rating and set a $25.80 price target for the company in a report on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $30.76.
Shares of NYSE HUYA opened at $20.20 on Monday. HUYA has a 12 month low of $14.44 and a 12 month high of $50.82.
HUYA (NYSE:HUYA) last issued its earnings results on Monday, November 12th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.51. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.21 billion. The company’s quarterly revenue was up 118.8% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of the stock. Legal & General Group Plc bought a new stake in shares of HUYA in the 3rd quarter valued at about $35,000. Wells Fargo & Company MN grew its position in shares of HUYA by 162.7% in the 3rd quarter. Wells Fargo & Company MN now owns 4,521 shares of the company’s stock valued at $107,000 after buying an additional 2,800 shares during the last quarter. Bank of Montreal Can grew its position in shares of HUYA by 3,741.5% in the 3rd quarter. Bank of Montreal Can now owns 6,300 shares of the company’s stock valued at $149,000 after buying an additional 6,136 shares during the last quarter. First Republic Investment Management Inc. bought a new stake in shares of HUYA in the 2nd quarter valued at about $230,000. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of HUYA by 56.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 9,700 shares of the company’s stock valued at $228,000 after buying an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 6.55% of the company’s stock.
HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.
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