HUYA Inc. (NYSE:HUYA) Receives $5.68 Average Target Price from Analysts

Shares of HUYA Inc. (NYSE:HUYA) have earned an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $5.68.

HUYA has been the subject of a number of recent research reports. Daiwa Capital Markets cut HUYA from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 18th. Daiwa America downgraded HUYA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 18th.

Institutional Investors Weigh In On HUYA

A number of hedge funds and other institutional investors have recently modified their holdings of HUYA. Public Employees Retirement System of Ohio increased its holdings in HUYA by 2.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company’s stock valued at $439,000 after acquiring an additional 3,545 shares in the last quarter. Smith Anglin Financial LLC grew its position in shares of HUYA by 27.9% in the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock valued at $56,000 after purchasing an additional 4,002 shares during the last quarter. Formidable Asset Management LLC increased its stake in shares of HUYA by 7.2% during the 4th quarter. Formidable Asset Management LLC now owns 108,000 shares of the company’s stock worth $332,000 after purchasing an additional 7,300 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of HUYA by 27.1% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,550 shares of the company’s stock worth $195,000 after purchasing an additional 13,544 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in HUYA in the 4th quarter valued at approximately $43,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

HUYA Stock Performance

HUYA opened at $3.62 on Wednesday. HUYA has a one year low of $2.82 and a one year high of $6.84. The stock has a market capitalization of $815.34 million, a P/E ratio of -40.22 and a beta of 0.81. The business’s 50-day simple moving average is $3.53 and its 200-day simple moving average is $3.41.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 EPS 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 analyst estimates of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. On average, equities research 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 issued a dividend of $1.47 per share. This represents a yield of 42.55%. The ex-dividend date is Tuesday, June 17th. HUYA’s dividend payout ratio is currently -4,766.67%.

About HUYA

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.