Morgan Stanley cut shares of HUYA (NYSE:HUYA) from an overweight rating to an equal rating in a research note published on Monday morning, BenzingaRatingsTable reports. The firm currently has $23.00 target price on the stock, down from their previous target price of $28.00.
A number of other equities research analysts also recently issued reports on the stock. HSBC assumed coverage on shares of HUYA in a research report on Monday, September 16th. They set a buy rating for the company. Jefferies Financial Group started coverage on HUYA in a report on Monday, August 5th. They issued a buy rating and a $26.80 target price on the stock. ValuEngine downgraded HUYA from a buy rating to a hold rating in a research report on Tuesday, September 17th. Zacks Investment Research lowered HUYA from a buy rating to a hold rating in a report on Tuesday, November 19th. Finally, TheStreet cut HUYA from a c- rating to a d+ rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $27.05.
Shares of NYSE HUYA opened at $20.60 on Monday. The firm has a 50 day moving average of $22.52 and a 200 day moving average of $23.05. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 81.15 and a beta of 1.88. HUYA has a 12-month low of $14.44 and a 12-month high of $30.00.
HUYA (NYSE:HUYA) last announced its earnings results on Tuesday, November 12th. The company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.81. HUYA had a net margin of 5.50% and a return on equity of 5.88%. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was up 77.4% on a year-over-year basis. Sell-side analysts predict that HUYA will post 0.27 EPS for the current year.
Several hedge funds have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its stake in HUYA by 83.6% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,080 shares of the company’s stock worth $52,000 after buying an additional 947 shares in the last quarter. Bank of Montreal Can raised its holdings in HUYA by 24.1% during the second quarter. Bank of Montreal Can now owns 8,132 shares of the company’s stock valued at $201,000 after acquiring an additional 1,578 shares during the period. TB Alternative Assets Ltd. purchased a new position in shares of HUYA in the third quarter valued at about $340,000. NumerixS Investment Technologies Inc purchased a new position in shares of HUYA in the second quarter valued at about $361,000. Finally, ETF Managers Group LLC bought a new position in shares of HUYA in the second quarter worth about $366,000. Hedge funds and other institutional investors own 26.12% of the company’s stock.
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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