HUYA Inc – (NYSE:HUYA) has been assigned an average rating of “Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $28.38.
A number of analysts have recently weighed in on HUYA shares. JPMorgan Chase & Co. upgraded HUYA from a “neutral” rating to an “overweight” rating and cut their target price for the company from $28.00 to $26.00 in a research report on Tuesday, May 28th. Jefferies Financial Group started coverage on HUYA in a research report on Tuesday, May 14th. They set a “buy” rating and a $28.00 target price for the company. Credit Suisse Group set a $29.00 target price on HUYA and gave the company a “buy” rating in a research report on Tuesday, March 5th. Bank of America started coverage on HUYA in a research report on Wednesday, May 29th. They set a “buy” rating and a $26.00 target price for the company. Finally, Tigress Financial started coverage on HUYA in a research report on Friday, April 26th. They set a “buy” rating for the company.
Hedge funds have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of HUYA by 80.4% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,133 shares of the company’s stock worth $32,000 after buying an additional 505 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of HUYA during the 3rd quarter worth $35,000. Daiwa Securities Group Inc. lifted its position in shares of HUYA by 44.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,940 shares of the company’s stock worth $83,000 after buying an additional 900 shares during the last quarter. Citigroup Inc. lifted its position in shares of HUYA by 932.5% during the 4th quarter. Citigroup Inc. now owns 8,033 shares of the company’s stock worth $124,000 after buying an additional 7,255 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in shares of HUYA by 182.5% during the 1st quarter. Advisor Group Inc. now owns 4,992 shares of the company’s stock worth $141,000 after buying an additional 3,225 shares during the last quarter. Institutional investors and hedge funds own 15.92% of the company’s stock.
NYSE:HUYA opened at $23.30 on Tuesday. The firm has a market cap of $4.61 billion and a PE ratio of 233.00. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.01. HUYA has a fifty-two week low of $14.44 and a fifty-two week high of $50.82.
HUYA (NYSE:HUYA) last released its earnings results on Thursday, May 16th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $243.10 million during the quarter, compared to the consensus estimate of $227.35 million. HUYA had a positive return on equity of 4.60% and a negative net margin of 35.91%. On average, research analysts expect that HUYA will post 0.25 earnings per share for the current year.
HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.
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