HUYA (NYSE:HUYA) Price Target Lowered to $5.00 at Citigroup

HUYA (NYSE:HUYA) had its target price dropped by research analysts at Citigroup from $5.90 to $5.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 62.87% from the stock’s previous close.

A number of other research firms also recently issued reports on HUYA. Bank of America downgraded HUYA from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $5.80 to $4.00 in a research report on Wednesday, November 6th. Hsbc Global Res lowered HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, HSBC reaffirmed a “hold” rating and issued a $4.70 price target on shares of HUYA in a research report on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $5.68.

HUYA Stock Up 0.7 %

HUYA traded up $0.02 during trading on Thursday, hitting $3.07. 704,953 shares of the company traded hands, compared to its average volume of 1,565,300. The firm has a market cap of $715.56 million, a P/E ratio of -34.11 and a beta of 0.62. HUYA has a one year low of $2.92 and a one year high of $6.84. The stock’s fifty day moving average is $4.09 and its 200 day moving average is $4.37.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.30. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.29%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the business posted $0.05 earnings per share. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, equities research analysts forecast that HUYA will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On HUYA

A number of institutional investors and hedge funds have recently modified their holdings of HUYA. Seldon Capital LP bought a new stake in HUYA during the third quarter valued at about $51,000. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of HUYA in the third quarter valued at approximately $61,000. Smith Anglin Financial LLC acquired a new stake in HUYA during the 3rd quarter worth $73,000. Bayesian Capital Management LP increased its position in shares of HUYA by 22.0% in the 1st quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock valued at $88,000 after buying an additional 3,500 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in HUYA by 18.9% in the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock worth $118,000 after purchasing an additional 3,685 shares during the period. Institutional investors and hedge funds own 23.20% of the company’s stock.

HUYA Company Profile

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.