HUYA (NYSE:HUYA) Stock Price Up 0.2% – Time to Buy?

HUYA Inc. Sponsored ADR (NYSE:HUYA)’s share price rose 0.2% during trading on Friday . The company traded as high as $2.53 and last traded at $2.4750. Approximately 845,013 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 1,443,103 shares. The stock had previously closed at $2.47.

Analysts Set New Price Targets

A number of equities research analysts have commented on HUYA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of HUYA in a report on Monday, April 27th. Morgan Stanley set a $3.40 price target on HUYA in a report on Wednesday, February 25th. Finally, Zacks Research cut HUYA from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $3.45.

HUYA Stock Up 0.2%

The company has a fifty day moving average price of $2.93 and a 200-day moving average price of $3.28. The stock has a market capitalization of $553.24 million, a P/E ratio of -41.24 and a beta of 0.85.

HUYA (NYSE:HUYA) last issued its earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). HUYA had a positive return on equity of 0.40% and a negative net margin of 1.76%.The firm had revenue of $250.68 million during the quarter, compared to the consensus estimate of $251.85 million. As a group, research analysts expect that HUYA Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

HUYA Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. HUYA’s payout ratio is -4,766.67%.

HUYA announced that its Board of Directors has initiated a stock buyback program on Wednesday, March 18th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On HUYA

An institutional investor recently raised its position in HUYA stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) by 10.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,694 shares of the company’s stock after acquiring an additional 14,456 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.07% of HUYA worth $497,000 as of its most recent SEC filing. 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.