HUYA Inc. Sponsored ADR (NYSE:HUYA) Receives Consensus Rating of “Hold” from Analysts

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $3.50.

HUYA has been the topic of several recent analyst reports. Hsbc Global Res upgraded shares of HUYA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. HSBC raised shares of HUYA from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HUYA in a report on Tuesday. Finally, Zacks Research upgraded shares of HUYA to a “hold” rating in a research note on Monday, September 8th.

Hedge Funds Weigh In On HUYA

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC increased its holdings in HUYA by 0.9% in the first quarter. Acadian Asset Management LLC now owns 3,067,145 shares of the company’s stock valued at $9,835,000 after buying an additional 27,582 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of HUYA by 35.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,025,897 shares of the company’s stock valued at $3,293,000 after purchasing an additional 267,616 shares in the last quarter. Caxton Associates LLP acquired a new position in HUYA in the 1st quarter worth about $1,264,000. BRIGHT VALLEY CAPITAL Ltd acquired a new position in HUYA in the 1st quarter worth about $923,000. Finally, Public Employees Retirement System of Ohio boosted its position in HUYA by 8.6% during the third 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 in the last quarter. Hedge funds and other institutional investors own 23.20% of the company’s stock.

HUYA Stock Performance

NYSE HUYA opened at $2.85 on Monday. HUYA has a one year low of $2.21 and a one year high of $4.59. The company has a market capitalization of $633.70 million, a price-to-earnings ratio of -31.66 and a beta of 0.67. The company’s 50-day simple moving average is $2.96 and its two-hundred day simple moving average is $3.29.

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