HUYA (NYSE:HUYA) Shares Up 8.3% – Time to Buy?

HUYA Inc. (NYSE:HUYA)’s share price rose 8.3% on Friday . The company traded as high as $3.72 and last traded at $3.73. Approximately 2,428,533 shares were traded during mid-day trading, an increase of 54% from the average daily volume of 1,578,396 shares. The stock had previously closed at $3.44.

Wall Street Analysts Forecast Growth

HUYA has been the topic of a number of research reports. Citigroup decreased their price target on shares of HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. HSBC reissued a “hold” rating and issued a $4.70 target price on shares of HUYA in a research note on Friday, October 11th. Bank of America lowered shares of HUYA from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $5.80 to $4.00 in a research note on Wednesday, November 6th. Finally, Hsbc Global Res lowered shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.68.

HUYA Trading Up 10.3 %

The stock’s fifty day moving average price is $3.14 and its 200-day moving average price is $3.80.

HUYA (NYSE:HUYA) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.30. The business 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 business’s revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 EPS. Research analysts forecast that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of HUYA

Several institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP raised its holdings in HUYA by 18.9% during the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock worth $118,000 after purchasing an additional 3,685 shares in the last quarter. Smith Anglin Financial LLC increased its holdings in shares of HUYA by 27.9% in the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock valued at $56,000 after acquiring an additional 4,002 shares during the period. Seldon Capital LP acquired a new position in shares of HUYA in the 3rd quarter valued at $51,000. Athos Capital Ltd increased its holdings in shares of HUYA by 9.5% in the 3rd quarter. Athos Capital Ltd now owns 127,346 shares of the company’s stock valued at $649,000 after acquiring an additional 11,000 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of HUYA by 11.9% in the 3rd quarter. Wellington Management Group LLP now owns 103,852 shares of the company’s stock valued at $530,000 after acquiring an additional 11,054 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.