Brokerages Set HUYA Inc. (NYSE:HUYA) PT at $5.68

Shares of HUYA Inc. (NYSE:HUYA) have been assigned an average recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $5.68.

Several analysts recently commented on the company. Daiwa America downgraded HUYA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Daiwa Capital Markets downgraded HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 18th.

HUYA Stock Up 0.0 %

Shares of HUYA stock opened at $3.21 on Tuesday. The firm has a market cap of $726.88 million, a price-to-earnings ratio of -35.68 and a beta of 0.72. HUYA has a 12 month low of $2.82 and a 12 month high of $6.84. The stock has a 50-day moving average price of $3.72 and a 200 day moving average price of $3.67.

HUYA (NYSE:HUYA) last released 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 firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate 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 revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. Sell-side analysts predict that HUYA will post 0.16 earnings per share for the current fiscal year.

HUYA Dividend Announcement

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

Hedge Funds Weigh In On HUYA

A number of large investors have recently added to or reduced their stakes in the company. WCM Investment Management LLC lifted its holdings in shares of HUYA by 4,396.5% in the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock valued at $8,505,000 after purchasing an additional 2,790,696 shares in the last quarter. FMR LLC raised its position in HUYA by 236.8% in the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after buying an additional 1,681,800 shares during the last quarter. Monolith Management Ltd bought a new stake in HUYA in the 4th quarter valued at approximately $2,144,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in HUYA by 66.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company’s stock worth $2,328,000 after acquiring an additional 302,988 shares during the last quarter. Finally, Caxton Associates LP boosted its position in HUYA by 79.6% during the 4th quarter. Caxton Associates LP now owns 508,296 shares of the company’s stock worth $1,560,000 after acquiring an additional 225,341 shares during the last quarter. Institutional investors 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.