HUYA (NYSE:HUYA) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of HUYA (NYSE:HUYA) from a hold rating to a sell rating in a report published on Saturday morning.

Other equities analysts have also recently issued reports about the stock. Citigroup reaffirmed a “buy” rating on shares of HUYA in a research note on Wednesday. Weiss Ratings cut shares of HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3.45.

HUYA Stock Down 1.9%

Shares of HUYA stock opened at $2.29 on Friday. The stock’s 50-day simple moving average is $2.39 and its 200-day simple moving average is $3.04. HUYA has a 52 week low of $2.15 and a 52 week high of $4.93. The company has a market capitalization of $513.00 million, a price-to-earnings ratio of -38.24 and a beta of 0.87.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, August 11th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). HUYA had a positive return on equity of 0.20% and a negative net margin of 1.59%.The business had revenue of $256.01 million for the quarter, compared to analysts’ expectations of $260.76 million. On average, equities analysts expect that HUYA will post 0.14 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in HUYA stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in HUYA Inc. Sponsored ADR (NYSE:HUYA) by 10.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 0.07% of HUYA worth $497,000 at the end of the most recent reporting period. 23.20% of the stock is owned by hedge funds and other 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.