HUYA Inc. Sponsored ADR (NYSE:HUYA) Receives $3.50 Consensus Price Target from Analysts

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) have been assigned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $3.50.

Several equities analysts recently issued reports on the company. Hsbc Global Res upgraded HUYA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of HUYA in a report on Monday, December 29th. Finally, HSBC upgraded HUYA from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research report on Wednesday, November 5th.

HUYA Price Performance

NYSE:HUYA opened at $3.72 on Tuesday. HUYA has a one year low of $2.21 and a one year high of $4.59. The company has a fifty day moving average price of $3.03 and a 200 day moving average price of $3.15. The stock has a market cap of $831.09 million, a P/E ratio of -41.33 and a beta of 0.80.

HUYA (NYSE:HUYA) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $215.93 million for the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.34 EPS. As a group, equities research analysts anticipate that HUYA will post 0.16 EPS for the current year.

Hedge Funds Weigh In On HUYA

A number of hedge funds have recently made changes to their positions in HUYA. Public Employees Retirement System of Ohio boosted its position in shares of HUYA by 8.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock valued at $817,000 after acquiring an additional 19,353 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of HUYA by 92.1% in the 3rd quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock valued at $286,000 after purchasing an additional 41,138 shares during the period. Loomis Sayles & Co. L P raised its holdings 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 buying an additional 7,867 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of HUYA by 10.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock worth $497,000 after buying an additional 14,456 shares during the period. Institutional investors and hedge funds own 23.20% of the company’s stock.

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.