HUYA Inc. Sponsored ADR (NYSE:HUYA) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $3.50.

Several equities analysts recently commented on HUYA shares. HSBC upgraded HUYA from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research note on Wednesday, November 5th. Hsbc Global Res raised shares of HUYA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Zacks Research raised HUYA to a “hold” rating in a report on Monday, September 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of HUYA in a report on Thursday, November 13th.

Institutional Investors Weigh In On HUYA

A number of institutional investors and hedge funds have recently bought and sold shares of HUYA. Caxton Associates LLP bought a new stake in HUYA during the first quarter valued at approximately $1,264,000. BRIGHT VALLEY CAPITAL Ltd bought a new position in shares of HUYA in the 1st quarter worth $923,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of HUYA by 35.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,025,897 shares of the company’s stock valued at $3,293,000 after buying an additional 267,616 shares in the last quarter. Headlands Technologies LLC lifted its holdings in shares of HUYA by 16,738.4% during the 1st quarter. Headlands Technologies LLC now owns 140,937 shares of the company’s stock worth $452,000 after acquiring an additional 140,100 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in HUYA in the first quarter worth $325,000. 23.20% of the stock is owned by hedge funds and other institutional investors.

HUYA Stock Performance

HUYA opened at $2.65 on Monday. HUYA has a fifty-two week low of $2.21 and a fifty-two week high of $4.59. The firm has a 50-day moving average of $3.03 and a 200 day moving average of $3.31. The firm has a market cap of $589.23 million, a P/E ratio of -29.44 and a beta of 0.67.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. HUYA had a negative net margin of 2.63% and a positive return on equity of 0.73%. The business had revenue of $215.93 million for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts predict that HUYA will post 0.16 earnings per share for the current fiscal 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.