HUYA (NYSE:HUYA) Shares Gap Up – Time to Buy?

HUYA Inc. Sponsored ADR (NYSE:HUYA) shares gapped up before the market opened on Wednesday . The stock had previously closed at $3.02, but opened at $3.14. HUYA shares last traded at $3.1850, with a volume of 391,404 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HUYA shares. HSBC raised shares of HUYA from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research note on Wednesday, November 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of HUYA in a research report on Monday, December 29th. Finally, Hsbc Global Res upgraded shares of HUYA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, HUYA currently has a consensus rating of “Hold” and an average target price of $3.50.

HUYA Price Performance

The business’s 50-day moving average is $2.88 and its two-hundred day moving average is $3.13. The firm has a market cap of $704.86 million, a P/E ratio of -35.05 and a beta of 0.80.

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. The firm had revenue of $215.93 million for the quarter, compared to analyst estimates of $1.69 billion. HUYA had a negative net margin of 2.63% and a positive return on equity of 0.73%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS. Equities research analysts predict that HUYA Inc. Sponsored ADR will post 0.16 EPS for the current year.

Institutional Investors Weigh In On HUYA

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its holdings in shares of HUYA by 8.6% in the 3rd 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 in the last quarter. SG Americas Securities LLC increased its position in shares of HUYA by 92.1% in the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock worth $286,000 after purchasing an additional 41,138 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of HUYA by 327.0% in the second quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock valued at $36,000 after acquiring an additional 7,867 shares during the period. Acadian Asset Management LLC raised its stake in shares of HUYA by 0.9% during the first quarter. Acadian Asset Management LLC now owns 3,067,145 shares of the company’s stock valued at $9,835,000 after acquiring an additional 27,582 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in shares of HUYA in the first quarter worth about $1,264,000. 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.