HUYA (NYSE:HUYA) Shares Gap Up – Here’s What Happened

HUYA Inc. (NYSE:HUYA)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $3.03, but opened at $3.50. HUYA shares last traded at $3.34, with a volume of 1,386,497 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Bank of America downgraded HUYA from a “buy” rating to a “neutral” rating and cut their target price for the company from $5.80 to $4.00 in a research report on Wednesday, November 6th. Citigroup cut their price objective on shares of HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Hsbc Global Res cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, HSBC reaffirmed a “hold” rating and set a $4.70 price target on shares of HUYA in a report on Friday, October 11th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, HUYA has an average rating of “Hold” and a consensus price target of $5.68.

HUYA Trading Up 7.6 %

The company has a 50-day moving average price of $3.10 and a two-hundred day moving average price of $3.85. The stock has a market capitalization of $737.97 million, a P/E ratio of -36.22 and a beta of 0.62.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.04 by $0.30. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 EPS. Research analysts forecast that HUYA Inc. will post 0.16 earnings per share for the current year.

Institutional Trading of HUYA

Several large investors have recently made changes to their positions in HUYA. Smith Anglin Financial LLC boosted its holdings in HUYA by 27.9% in the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after acquiring an additional 4,002 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of HUYA in the 3rd quarter worth $711,000. Main Management ETF Advisors LLC acquired a new stake in HUYA in the 3rd quarter valued at $1,017,000. XTX Topco Ltd bought a new stake in HUYA during the 3rd quarter valued at $90,000. Finally, Wellington Management Group LLP raised its holdings in HUYA by 11.9% during the third quarter. Wellington Management Group LLP now owns 103,852 shares of the company’s stock worth $530,000 after buying an additional 11,054 shares during the last quarter. 23.20% of the stock is currently owned by institutional investors and hedge funds.

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.