HUYA (NYSE:HUYA) Raised to Hold at Wall Street Zen

HUYA (NYSE:HUYA) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

HUYA has been the topic of a number of other reports. Weiss Ratings downgraded shares of HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of HUYA in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.45.

HUYA Stock Performance

HUYA opened at $2.18 on Friday. HUYA has a 52-week low of $2.08 and a 52-week high of $4.93. The business’s fifty day moving average is $2.35 and its 200-day moving average is $2.88. The firm has a market cap of $497.85 million, a P/E ratio of -36.33 and a beta of 0.86.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, June 30th. The company reported $0.02 EPS for the quarter. The firm had revenue of $256.01 million for the quarter. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. On average, research analysts predict that HUYA will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HUYA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 purchasing an additional 14,456 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of HUYA by 8.6% during the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock valued at $817,000 after purchasing an additional 19,353 shares during the period. Finally, AXQ Capital LP bought a new position in shares of HUYA during the 2nd quarter worth about $101,000. 23.20% of the stock is owned by institutional investors.

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.