HUYA (NYSE:HUYA) Shares Gap Down Following Weak Earnings

HUYA Inc. (NYSE:HUYA) gapped down before the market opened on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $4.54, but opened at $4.30. HUYA shares last traded at $3.74, with a volume of 2,317,939 shares.

The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates 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 for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share.

HUYA Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a dividend of $1.47 per share. The ex-dividend date is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA’s payout ratio is currently -4,900.00%.

Analysts Set New Price Targets

Separately, Daiwa Capital Markets downgraded HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.68.

Institutional Investors Weigh In On HUYA

Several hedge funds have recently modified their holdings of HUYA. Seldon Capital LP purchased a new stake in HUYA during the 3rd quarter worth approximately $51,000. Two Sigma Securities LLC purchased a new stake in HUYA during the 4th quarter worth approximately $43,000. XTX Topco Ltd purchased a new stake in HUYA during the 3rd quarter worth approximately $90,000. Smith Anglin Financial LLC increased its holdings in HUYA by 27.9% during the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after purchasing an additional 4,002 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings in HUYA by 18.9% during the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock worth $118,000 after purchasing an additional 3,685 shares during the last quarter. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

HUYA Stock Performance

The firm has a market capitalization of $782.12 million, a P/E ratio of -38.39 and a beta of 0.72. The stock has a fifty day moving average price of $3.71 and a two-hundred day moving average price of $3.68.

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.