HUYA (NYSE:HUYA) Trading Down 5.3% – Should You Sell?

HUYA Inc. Sponsored ADR (NYSE:HUYA) shares were down 5.3% on Friday . The stock traded as low as $3.23 and last traded at $3.2750. Approximately 512,936 shares traded hands during trading, a decline of 76% from the average daily volume of 2,124,344 shares. The stock had previously closed at $3.46.

Analysts Set New Price Targets

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

HUYA Price Performance

The business’s fifty day moving average price is $3.08 and its 200-day moving average price is $3.16. The stock has a market capitalization of $747.31 million, a PE ratio of -37.16 and a beta of 0.80.

HUYA (NYSE:HUYA) last posted its earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share 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 business had revenue of $215.93 million for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the firm posted $0.34 EPS. HUYA’s revenue was up 9.8% on a year-over-year basis. On average, analysts expect that HUYA Inc. Sponsored ADR will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HUYA

A number of institutional investors have recently added to or reduced their stakes in HUYA. Loomis Sayles & Co. L P grew its holdings in shares of HUYA by 327.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock valued at $36,000 after purchasing an additional 7,867 shares during the last quarter. SG Americas Securities LLC boosted its position in HUYA by 92.1% during the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock valued at $286,000 after buying an additional 41,138 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of HUYA by 10.3% in the first 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. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of HUYA by 10.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 225,942 shares of the company’s stock valued at $795,000 after acquiring an additional 21,273 shares during the last quarter. 23.20% of the stock is currently owned by institutional investors.

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.