Zacks Investment Research upgraded shares of HUYA (NYSE:HUYA) from a hold rating to a buy rating in a research report report published on Monday morning, Zacks.com reports. The firm currently has $23.00 price objective on the stock.

According to Zacks, “HUYA Inc. provides online services. The Company offers interactive video broadcast service which includes e-sports, music, reality show and more. HUYA Inc.is based in Guangzhou, China. “

Other equities analysts have also issued reports about the company. TheStreet lowered HUYA from a c- rating to a d+ rating in a research note on Tuesday, November 12th. Needham & Company LLC started coverage on HUYA in a report on Thursday, December 12th. They issued a buy rating and a $24.00 price objective for the company. Finally, Morgan Stanley cut HUYA from an overweight rating to an equal rating and lowered their target price for the company from $28.00 to $23.00 in a research note on Monday, December 2nd. Twelve analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus target price of $26.45.

Shares of NYSE HUYA opened at $18.39 on Monday. The firm has a market capitalization of $4.47 billion, a P/E ratio of 70.73 and a beta of 1.77. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $18.85 and its two-hundred day simple moving average is $22.04. HUYA has a twelve month low of $16.40 and a twelve month high of $30.00.

HUYA (NYSE:HUYA) last announced its earnings results on Tuesday, November 12th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.81. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.16 billion. HUYA had a return on equity of 5.88% and a net margin of 5.50%. The company’s quarterly revenue was up 77.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. As a group, research analysts anticipate that HUYA will post 0.27 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in HUYA by 2,989.9% during the second quarter. Morgan Stanley now owns 4,797,928 shares of the company’s stock valued at $118,557,000 after buying an additional 4,642,652 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in HUYA during the second quarter valued at $26,266,000. Oaktree Capital Management LP purchased a new position in HUYA during the second quarter valued at $13,346,000. D. E. Shaw & Co. Inc. raised its stake in HUYA by 3,931.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 476,357 shares of the company’s stock valued at $11,771,000 after buying an additional 464,541 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in HUYA by 32.2% during the third quarter. TimesSquare Capital Management LLC now owns 1,341,300 shares of the company’s stock valued at $31,708,000 after buying an additional 326,400 shares during the last quarter. Institutional investors own 25.61% of the company’s stock.

About 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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Analyst Recommendations for HUYA (NYSE:HUYA)

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