HUYA Inc. Sponsored ADR (NYSE:HUYA) Given Average Recommendation of “Hold” by Brokerages

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) have been assigned an average recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.50.

Several research firms have issued reports on HUYA. HSBC raised HUYA from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a report on Wednesday, November 5th. Hsbc Global Res raised HUYA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Zacks Research upgraded HUYA to a “hold” rating in a report on Monday, September 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of HUYA in a report on Monday.

Hedge Funds Weigh In On HUYA

Several large investors have recently bought and sold shares of the business. Vident Advisory LLC grew its holdings in HUYA by 39.5% during the 1st quarter. Vident Advisory LLC now owns 17,624 shares of the company’s stock worth $57,000 after acquiring an additional 4,993 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of HUYA by 327.0% in the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock worth $36,000 after purchasing an additional 7,867 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of HUYA by 10.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock worth $497,000 after purchasing an additional 14,456 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of HUYA by 8.6% during the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock worth $817,000 after purchasing an additional 19,353 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in HUYA by 0.9% in the first quarter. Acadian Asset Management LLC now owns 3,067,145 shares of the company’s stock valued at $9,835,000 after purchasing an additional 27,582 shares during the last quarter. 23.20% of the stock is currently owned by institutional investors and hedge funds.

HUYA Stock Down 0.5%

Shares of NYSE:HUYA opened at $2.98 on Friday. The firm has a market cap of $664.64 million, a P/E ratio of -33.05 and a beta of 0.78. HUYA has a 12 month low of $2.21 and a 12 month high of $4.59. The company’s 50-day moving average price is $2.88 and its two-hundred day moving average price is $3.20.

HUYA (NYSE:HUYA) last announced its earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. HUYA had a negative net margin of 2.63% and a positive return on equity of 0.73%. The company had revenue of $215.93 million for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the business earned $0.34 earnings per share. HUYA’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities analysts predict that HUYA will post 0.16 earnings per share for the current fiscal year.

HUYA Company Profile

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.