HUYA Inc. Sponsored ADR (NYSE:HUYA) Given Average Rating of “Hold” by Analysts

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) have received 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 rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $3.50.

A number of equities research analysts recently issued reports on HUYA shares. Hsbc Global Res upgraded HUYA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. HSBC upgraded HUYA from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a research report on Wednesday, November 5th. Zacks Research raised HUYA to a “hold” rating in a report on Monday, September 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of HUYA in a research report on Monday.

Hedge Funds Weigh In On HUYA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Loomis Sayles & Co. L P increased its holdings in shares of HUYA by 327.0% in the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock worth $36,000 after buying an additional 7,867 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of HUYA by 39.5% during the 1st quarter. Vident Advisory LLC now owns 17,624 shares of the company’s stock worth $57,000 after acquiring an additional 4,993 shares during the last quarter. Nuveen LLC bought a new position in HUYA in the first quarter valued at $220,000. SG Americas Securities LLC increased its stake in HUYA by 92.1% in the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock valued at $286,000 after acquiring an additional 41,138 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in HUYA in the first quarter valued at $325,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.

HUYA Trading Up 1.2%

HUYA stock opened at $3.02 on Friday. The firm has a 50 day moving average of $2.88 and a 200-day moving average of $3.22. The firm has a market capitalization of $673.57 million, a P/E ratio of -33.50 and a beta of 0.78. HUYA has a 12 month low of $2.21 and a 12 month high of $4.59.

HUYA (NYSE:HUYA) last posted its earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share (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 analysts’ expectations of $1.69 billion. During the same period in the prior year, the company posted $0.34 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts predict that HUYA will post 0.16 EPS 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.