HUYA (NYSE:HUYA) Announces Earnings Results

HUYA (NYSE:HUYA) released its quarterly earnings data on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01, Zacks reports. HUYA had a negative net margin of 2.45% and a positive return on equity of 1.35%. The company had revenue of $215.93 million for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The business’s revenue was up 9.8% on a year-over-year basis.

HUYA Stock Up 2.8%

HUYA stock traded up $0.08 during trading on Thursday, hitting $2.76. The company had a trading volume of 526,273 shares, compared to its average volume of 1,795,372. The firm has a market cap of $612.57 million, a PE ratio of -30.61 and a beta of 0.67. HUYA has a 1-year low of $2.21 and a 1-year high of $4.59. The firm has a 50-day moving average price of $3.14 and a 200-day moving average price of $3.37.

Institutional Trading of HUYA

A hedge fund recently raised its stake in HUYA stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,694 shares of the company’s stock after acquiring an additional 14,456 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.07% of HUYA worth $497,000 at the end of the most recent reporting period. 23.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HUYA. Hsbc Global Res raised HUYA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Zacks Research upgraded shares of HUYA to a “hold” rating in a report on Monday, September 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of HUYA in a research report on Wednesday, October 8th. Finally, HSBC raised HUYA from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, HUYA currently has a consensus rating of “Hold” and a consensus price target of $4.25.

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.