HUYA (HUYA) Stock Price Down 6.6%
HUYA Inc – (NYSE:HUYA) fell 6.6% during trading on Monday . The company traded as low as $23.18 and last traded at $23.35. 2,463,500 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 5,051,620 shares. The stock had previously closed at $25.00.
A number of research firms have recently commented on HUYA. Needham & Company LLC began coverage on shares of HUYA in a research note on Wednesday, June 13th. They issued a “buy” rating and a $41.00 price objective on the stock. 86 Research reaffirmed a “sell” rating on shares of HUYA in a research note on Monday, June 18th. Goldman Sachs Group began coverage on shares of HUYA in a research note on Friday, August 3rd. They issued a “neutral” rating and a $34.00 price objective on the stock. CLSA began coverage on shares of HUYA in a research note on Tuesday, September 4th. They issued an “outperform” rating and a $33.00 price objective on the stock. Finally, UBS Group began coverage on shares of HUYA in a research note on Thursday, June 7th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $36.00.
HUYA (NYSE:HUYA) last released its earnings results on Monday, August 13th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.55) by $1.92. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $992.74 million. The company’s revenue was up 125.0% on a year-over-year basis.
About HUYA (NYSE:HUYA)
HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.
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