HUYA Inc. (NYSE:HUYA) Receives Average Recommendation of “Hold” from Analysts

HUYA Inc. (NYSE:HUYA) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Six 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 $5.68.

Several equities research analysts have commented on the stock. Daiwa Capital Markets downgraded shares of HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 18th. Daiwa America cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 18th.

Institutional Investors Weigh In On HUYA

A number of institutional investors and hedge funds have recently modified their holdings of the company. National Bank of Canada FI purchased a new position in HUYA during the first quarter valued at approximately $32,000. Two Sigma Securities LLC purchased a new position in shares of HUYA during the 4th quarter valued at $43,000. Smith Anglin Financial LLC grew its position in shares of HUYA by 27.9% during the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock valued at $56,000 after purchasing an additional 4,002 shares in the last quarter. Virtu Financial LLC bought a new position in shares of HUYA in the first quarter worth $93,000. Finally, Sei Investments Co. purchased a new stake in shares of HUYA in the fourth quarter worth $94,000. 23.20% of the stock is owned by hedge funds and other institutional investors.

HUYA Trading Up 1.4%

HUYA stock opened at $3.72 on Wednesday. The business’s 50 day simple moving average is $3.51 and its 200 day simple moving average is $3.42. HUYA has a 12 month low of $2.82 and a 12 month high of $6.84. The company has a market cap of $837.86 million, a price-to-earnings ratio of -41.33 and a beta of 0.81.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 EPS. As a group, equities research analysts forecast that HUYA will post 0.16 earnings per share for the current fiscal year.

HUYA Announces Dividend

The business also recently declared an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $1.47 per share. This represents a dividend yield of 42.55%. The ex-dividend date of this dividend is Tuesday, June 17th. HUYA’s dividend payout ratio is presently -4,766.67%.

HUYA Company Profile

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.