HUYA (NYSE:HUYA) Downgraded to “Sell” Rating by Wall Street Zen
by Amy Steele · The Cerbat GemWall Street Zen lowered shares of HUYA (NYSE:HUYA – Free Report) from a hold rating to a sell rating in a research report released on Sunday morning,Wall Street Zen reports.
A number of other equities research analysts have also recently commented on the stock. Weiss Ratings cut shares of HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 6th. Citigroup reiterated a “buy” rating on shares of HUYA in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $3.45.
View Our Latest Report on HUYA
HUYA Stock Performance
Shares of HUYA stock opened at $2.12 on Friday. HUYA has a one year low of $2.07 and a one year high of $4.93. The stock’s fifty day moving average is $2.34 and its 200 day moving average is $2.80. The stock has a market cap of $484.14 million, a P/E ratio of -35.33 and a beta of 0.88.
HUYA (NYSE:HUYA – Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $256.01 million during the quarter. HUYA had a positive return on equity of 0.20% and a negative net margin of 1.59%. Analysts predict that HUYA will post 0.14 EPS for the current year.
Hedge Funds Weigh In On HUYA
Hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its stake in HUYA by 8.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock valued at $817,000 after purchasing an additional 19,353 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in HUYA by 10.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock worth $497,000 after purchasing an additional 14,456 shares during the period. Finally, AXQ Capital LP bought a new position in HUYA in the 2nd quarter worth approximately $101,000. Institutional investors own 23.20% of the company’s stock.
About HUYA
HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.
At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.