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

by · The Markets Daily

HUYA Inc. (NYSE:HUYA – Get Free Report) has earned an average rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $5.68.

A number of research firms have issued reports on HUYA. Daiwa America lowered shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 18th. Daiwa Capital Markets cut shares of HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 18th.

Read Our Latest Stock Analysis on HUYA

HUYA Trading Down 0.1 %

Shares of HUYA opened at $3.34 on Friday. HUYA has a 12-month low of $2.82 and a 12-month high of $6.84. The stock has a market cap of $754.95 million, a P/E ratio of -37.06 and a beta of 0.73. The company has a 50-day moving average of $3.60 and a two-hundred day moving average of $3.51.

HUYA (NYSE:HUYA – Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. HUYA’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. As a group, analysts forecast that HUYA will post 0.16 EPS 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 paid a dividend of $1.47 per share. This represents a dividend yield of 42.55%. The ex-dividend date is Tuesday, June 17th. HUYA’s dividend payout ratio is currently -4,766.67%.

Institutional Investors Weigh In On HUYA

A number of institutional investors and hedge funds have recently modified their holdings of HUYA. WCM Investment Management LLC lifted its position in HUYA by 4,396.5% during the 4th quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock worth $8,505,000 after acquiring an additional 2,790,696 shares during the last quarter. Monolith Management Ltd bought a new position in HUYA in the 4th quarter valued at $2,144,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings 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 period. Caxton Associates LP boosted its stake 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. Finally, Point72 Hong Kong Ltd bought a new position in shares of HUYA during the 4th quarter valued at about $516,000. 23.20% of the stock is owned by institutional investors and hedge funds.

About HUYA

(Get Free Report

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.

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