Zacks Research Downgrades HUYA (NYSE:HUYA) to Hold

HUYA (NYSE:HUYA) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on HUYA. Weiss Ratings reissued a “sell (d-)” rating on shares of HUYA in a report on Monday, December 29th. Morgan Stanley set a $3.40 target price on shares of HUYA in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, HUYA has a consensus rating of “Hold” and a consensus price target of $3.45.

HUYA Stock Performance

NYSE HUYA opened at $3.31 on Monday. HUYA has a one year low of $2.21 and a one year high of $4.93. The stock has a 50-day moving average of $3.76 and a 200 day moving average of $3.31. The company has a market capitalization of $738.77 million, a price-to-earnings ratio of -55.07 and a beta of 0.89.

HUYA (NYSE:HUYA) last posted its earnings results on Sunday, February 15th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $248.48 million for the quarter. HUYA had a negative net margin of 1.77% and a positive return on equity of 0.50%. On average, equities analysts predict that HUYA will post 0.16 earnings per share for the current fiscal year.

HUYA announced that its board has approved a share repurchase plan on Wednesday, March 18th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On HUYA

Several institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its stake 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in HUYA by 10.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock valued at $497,000 after buying an additional 14,456 shares during the period. SG Americas Securities LLC increased its holdings 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 last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in HUYA by 327.0% during the second quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock valued at $36,000 after buying an additional 7,867 shares during the last quarter. Institutional investors 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.