Analysts Set HUYA Inc. (NYSE:HUYA) Price Target at $5.93

HUYA Inc. (NYSE:HUYA) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $5.93.

Several analysts have recently weighed in on HUYA shares. Bank of America cut shares of HUYA from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $5.80 to $4.00 in a research report on Wednesday, November 6th. Hsbc Global Res lowered HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Citigroup upgraded HUYA from a “sell” rating to a “buy” rating and upped their price objective for the stock from $2.40 to $6.00 in a report on Wednesday, August 14th. Finally, HSBC reissued a “hold” rating and set a $4.70 price objective on shares of HUYA in a report on Friday, October 11th.

HUYA Stock Performance

Shares of HUYA stock opened at $3.06 on Friday. HUYA has a 52-week low of $2.92 and a 52-week high of $6.84. The business’s fifty day moving average is $4.09 and its 200 day moving average is $4.37. The company has a market capitalization of $712.06 million, a PE ratio of -33.94 and a beta of 0.62.

HUYA (NYSE:HUYA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.04 by $0.30. HUYA had a positive return on equity of 0.29% and a negative net margin of 2.51%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm earned $0.05 earnings per share. HUYA’s revenue was down 7.6% on a year-over-year basis. On average, sell-side analysts forecast that HUYA will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On HUYA

Several institutional investors have recently bought and sold shares of HUYA. Seldon Capital LP purchased a new position in HUYA during the 3rd quarter valued at about $51,000. Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of HUYA during the third quarter valued at approximately $61,000. Smith Anglin Financial LLC bought a new position in shares of HUYA during the third quarter valued at approximately $73,000. Bayesian Capital Management LP lifted its stake in HUYA by 22.0% in the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock worth $88,000 after acquiring an additional 3,500 shares during the period. Finally, Quantbot Technologies LP lifted its stake in HUYA by 18.9% in the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock worth $118,000 after acquiring an additional 3,685 shares during the period. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

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.