Citigroup Cuts HUYA (NYSE:HUYA) Price Target to $5.00

HUYA (NYSE:HUYAFree Report) had its price target decreased by Citigroup from $5.90 to $5.00 in a research note released on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on the stock. Bank of America cut shares of HUYA from a “buy” rating to a “neutral” rating and reduced their price target for the company from $5.80 to $4.00 in a report on Wednesday, November 6th. HSBC reaffirmed a “hold” rating and issued a $4.70 target price on shares of HUYA in a research note on Friday, October 11th. Finally, Hsbc Global Res cut HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.68.

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HUYA Price Performance

HUYA stock traded up $0.01 during trading on Thursday, hitting $3.09. The company had a trading volume of 401,819 shares, compared to its average volume of 1,562,892. HUYA has a fifty-two week low of $2.92 and a fifty-two week high of $6.84. The company has a fifty day moving average price of $4.07 and a two-hundred day moving average price of $4.36.

HUYA (NYSE:HUYAGet Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.04 by $0.30. The company had revenue of $1.54 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 0.29%. HUYA’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 EPS. On average, analysts expect that HUYA will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HUYA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUYA. Maple Rock Capital Partners Inc. increased its position in HUYA by 125.2% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 5,145,125 shares of the company’s stock worth $23,410,000 after buying an additional 2,860,000 shares during the period. Acadian Asset Management LLC grew its holdings in HUYA by 526.0% during the 2nd quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock worth $13,011,000 after acquiring an additional 2,770,594 shares during the last quarter. FMR LLC lifted its stake in shares of HUYA by 236.8% in the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after acquiring an additional 1,681,800 shares during the period. Millennium Management LLC acquired a new position in HUYA in the second quarter valued at $5,197,000. Finally, Polunin Capital Partners Ltd acquired a new stake in HUYA during the second quarter worth approximately $5,166,000. 23.20% of the stock is owned by institutional investors.

HUYA Company Profile

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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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