HUYA (NYSE:HUYA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of HUYA (NYSE:HUYA) from a sell rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

Several other equities analysts have also weighed in on the stock. Citigroup restated a “buy” rating on shares of HUYA in a research report on Wednesday, August 12th. Weiss Ratings lowered shares of HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3.45.

HUYA Stock Performance

HUYA opened at $2.15 on Friday. HUYA has a one year low of $2.08 and a one year high of $4.93. The stock’s fifty day moving average is $2.35 and its 200-day moving average is $2.86. The company has a market capitalization of $491.00 million, a PE ratio of -35.83 and a beta of 0.86.

HUYA (NYSE:HUYA) last announced its earnings results on Tuesday, June 30th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $256.01 million during the quarter. HUYA had a positive return on equity of 0.20% and a negative net margin of 1.59%. On average, equities research analysts forecast that HUYA will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HUYA. Public Employees Retirement System of Ohio increased its holdings in HUYA by 8.6% in the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock worth $817,000 after buying an additional 19,353 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of HUYA by 10.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock valued at $497,000 after acquiring an additional 14,456 shares during the last quarter. Finally, AXQ Capital LP bought a new position in shares of HUYA in the 2nd quarter valued at approximately $101,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.

About HUYA

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.