HUYA Inc. (NYSE:HUYA) Receives $5.68 Average Target Price from Analysts

Shares of HUYA Inc. (NYSE:HUYA) have been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.68.

HUYA has been the subject of several research reports. Daiwa America downgraded HUYA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 18th. Daiwa Capital Markets cut HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 18th.

Institutional Trading of HUYA

Several hedge funds have recently made changes to their positions in the company. WCM Investment Management LLC raised its holdings in HUYA by 4,396.5% during the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock worth $8,505,000 after purchasing an additional 2,790,696 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of HUYA by 19.7% during the 4th quarter. Bank of America Corp DE now owns 995,747 shares of the company’s stock worth $3,057,000 after purchasing an additional 164,112 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in HUYA by 66.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company’s stock worth $2,328,000 after buying an additional 302,988 shares during the period. Monolith Management Ltd purchased a new stake in HUYA during the 4th quarter worth $2,144,000. Finally, Caxton Associates LP lifted its stake in shares of HUYA by 79.6% during the fourth quarter. Caxton Associates LP now owns 508,296 shares of the company’s stock worth $1,560,000 after purchasing an additional 225,341 shares in the last quarter. Institutional investors and hedge funds own 23.20% of the company’s stock.

HUYA Stock Performance

HUYA opened at $3.34 on Friday. HUYA has a one year low of $2.82 and a one year high of $6.84. The company has a market cap of $756.08 million, a P/E ratio of -37.11 and a beta of 0.73. The business’s 50-day simple moving average is $3.61 and its 200-day simple moving average is $3.53.

HUYA (NYSE:HUYA) last issued its quarterly earnings data on Tuesday, March 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. As a group, analysts predict that HUYA will post 0.16 earnings per share for the current fiscal year.

HUYA Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA’s dividend payout ratio (DPR) is currently -4,766.67%.

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.