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

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $3.50.

A number of research analysts have commented on the company. Hsbc Global Res raised HUYA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Weiss Ratings restated a “sell (d-)” rating on shares of HUYA in a research note on Monday, December 29th. Finally, HSBC upgraded shares of HUYA from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a research note on Wednesday, November 5th.

HUYA Price Performance

Shares of HUYA stock opened at $3.66 on Tuesday. The firm has a fifty day moving average of $2.94 and a two-hundred day moving average of $3.12. The firm has a market cap of $816.56 million, a P/E ratio of -40.61 and a beta of 0.80. HUYA has a 1-year low of $2.21 and a 1-year high of $4.59.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $215.93 million for the quarter, compared to analysts’ expectations of $1.69 billion. HUYA had a negative net margin of 2.63% and a positive return on equity of 0.73%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. On average, sell-side analysts expect that HUYA will post 0.16 EPS for the current year.

Hedge Funds Weigh In On HUYA

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its position in shares of HUYA by 8.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock worth $817,000 after purchasing an additional 19,353 shares during the period. SG Americas Securities LLC grew its stake in HUYA by 92.1% during the 3rd quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock worth $286,000 after buying an additional 41,138 shares during the last quarter. Loomis Sayles & Co. L P increased its position in HUYA by 327.0% in the second 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 period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in HUYA by 10.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock valued at $497,000 after buying an additional 14,456 shares during the last quarter. 23.20% of the stock is currently owned by institutional investors and hedge funds.

HUYA Company Profile

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.