HUYA (NYSE:HUYA) Lowered to “Neutral” Rating by Bank of America

HUYA (NYSE:HUYA) was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating in a report issued on Wednesday, FinViz reports.

Other research analysts have also issued research reports about the stock. Citigroup raised shares of HUYA from a “sell” rating to a “buy” rating and lifted their price target for the company from $2.40 to $6.00 in a research note on Wednesday, August 14th. Hsbc Global Res downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, HSBC reiterated a “hold” rating and issued a $4.70 price target on shares of HUYA in a research note on Friday, October 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, HUYA currently has a consensus rating of “Hold” and a consensus target price of $6.38.

HUYA Stock Down 2.6 %

Shares of HUYA traded down $0.09 during mid-day trading on Wednesday, reaching $3.39. The company’s stock had a trading volume of 458,995 shares, compared to its average volume of 1,548,054. The business has a fifty day moving average of $4.21 and a 200 day moving average of $4.43. HUYA has a 1 year low of $2.92 and a 1 year high of $6.84. The company has a market cap of $790.15 million, a price-to-earnings ratio of -37.78 and a beta of 0.62.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, August 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.06 by $0.35. HUYA had a negative net margin of 2.69% and a positive return on equity of 0.53%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the company earned $0.05 EPS. The business’s quarterly revenue was down 16.1% compared to the same quarter last year. On average, analysts predict that HUYA will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On HUYA

Several institutional investors have recently modified their holdings of HUYA. Maple Rock Capital Partners Inc. grew its position in shares of HUYA by 125.2% during the first quarter. Maple Rock Capital Partners Inc. now owns 5,145,125 shares of the company’s stock worth $23,410,000 after purchasing an additional 2,860,000 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of HUYA by 526.0% during the second quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock valued at $13,011,000 after buying an additional 2,770,594 shares during the last quarter. Millennium Management LLC bought a new position in shares of HUYA during the second quarter worth $5,197,000. Polunin Capital Partners Ltd purchased a new position in HUYA during the second quarter valued at $5,166,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of HUYA in the second quarter worth about $2,052,000. 23.20% of the stock is owned by hedge funds and other institutional investors.

About HUYA

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.