HUYA Inc. (NYSE:HUYA – Get Rating) has been assigned a consensus rating of “Hold” by the nine market research firms currently covering the company, reports Marketbeat Ratings. Three analysts have rated the stock with a sell recommendation, three with a hold recommendation and two with a buy recommendation. The average 12-month target price among brokers who have covered the stock over the past year is $4.33.
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A number of research companies have recently commented on HUYA. China Renaissance upgraded HUYA from a “hold” rating to a “buy” rating in a research report on Tuesday, December 13, and lowered its price target on the stock to $4.20 from $4.30. UBS Group downgraded HUYA from a “buy” rating to a “neutral” rating in a research report on Thursday, September 29, and lowered its price target on the stock to $2.90 from $27.00 . Finally, Citigroup downgraded HUYA to a “sell” rating from a “neutral” rating and lowered its price target on the stock from $4.00 to $3.00 in a research report on Wednesday, November 16.
Institutional trading by HUYA
Institutional investors recently changed their holdings in the company. Wipfli Financial Advisors LLC acquired a new interest in HUYA valued at approximately $27,000 during the third quarter. Profund Advisors LLC acquired a new interest in HUYA valued at approximately $52,000 during the second quarter. Mercer Global Advisors Inc. ADV acquired a new interest in HUYA valued at approximately $44,000 during the third quarter. Merit Financial Group LLC acquired a new interest in HUYA valued at approximately $91,000 during the second quarter. Finally, the Royal Bank of Canada increased its stake in HUYA by 8,607.6% in the first quarter. The Royal Bank of Canada now owns 24,120 shares of the company, valued at $108,000, after purchasing an additional 23,843 shares last quarter. 21.84% of the shares are currently owned by institutional investors.
HUYA stock performance
Shares of HUYA opened at $5.66 on Thursday. The stock has a 50-day moving average price of $3.74 and a 200-day moving average price of $3.12. HUYA has a 52-week low of $1.64 and a 52-week high of $6.99. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -31.44 and a beta of 0.58.
HUYA (NYSE:HUYA – Get Rating) last released its quarterly earnings data on Tuesday, November 15th. The company reported earnings per share (EPS) of $0.04 for the quarter, beating the consensus estimate of ($0.05) by $0.09. HUYA had a negative return on equity of 2.74% and a negative net margin of 2.93%. The company had revenue of $334.37 million for the quarter, compared to the consensus estimate of $327.94 million. As a group, research analysts are forecasting that HUYA will post -0.43 EPS for the current fiscal year.
HUYA company profile
HUYA, Inc is a holding company engaged in the development of game live streaming platforms. The company offers live streaming content for mobile, PC and console games. It also offers content for other entertainment genres such as talent shows, anime, and outdoor activities. The company was founded in 2014 and is headquartered in Guangzhou, China.
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