HUYA (NYSE:HUYA) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of HUYA (NYSE:HUYA) from a hold rating to a sell rating in a research note published on Sunday morning,Wall Street Zen reports.

Several other equities analysts have also recently commented on HUYA. Weiss Ratings cut shares of HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 6th. Citigroup reaffirmed a “buy” rating on shares of HUYA in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, HUYA presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.45.

HUYA Price Performance

NYSE HUYA opened at $2.12 on Friday. HUYA has a 1 year low of $2.07 and a 1 year high of $4.93. The firm has a market cap of $483.00 million, a price-to-earnings ratio of -35.24 and a beta of 0.88. The company has a fifty day moving average price of $2.33 and a 200-day moving average price of $2.77.

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

Hedge Funds Weigh In On HUYA

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new stake in HUYA during the second quarter worth about $438,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in HUYA by 10.3% in the first 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 during the 2nd quarter valued at approximately $101,000. 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.