HUYA (NYSE:HUYA) Lowered to Hold Rating by Daiwa America

HUYA (NYSE:HUYA) was downgraded by Daiwa America from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Daiwa Capital Markets cut HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.68.

HUYA Stock Down 6.9 %

NYSE:HUYA opened at $3.46 on Tuesday. The business’s 50-day moving average price is $3.71 and its two-hundred day moving average price is $3.68. HUYA has a twelve month low of $2.82 and a twelve month high of $6.84. The stock has a market cap of $782.12 million, a P/E ratio of -38.39 and a beta of 0.72.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Tuesday, March 18th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $1.50 billion for 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%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. On average, equities research analysts expect that HUYA will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On HUYA

A number of large investors have recently made changes to their positions in HUYA. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of HUYA by 146.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 455,293 shares of the company’s stock worth $2,322,000 after buying an additional 270,701 shares during the last quarter. Seldon Capital LP bought a new stake in shares of HUYA in the 3rd quarter worth approximately $51,000. FMR LLC grew its position in shares of HUYA by 236.8% in the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after buying an additional 1,681,800 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of HUYA by 18.9% in the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after purchasing an additional 3,685 shares during the period. Finally, Athos Capital Ltd lifted its stake in shares of HUYA by 9.5% in the 3rd quarter. Athos Capital Ltd now owns 127,346 shares of the company’s stock valued at $649,000 after purchasing an additional 11,000 shares during the period. 23.20% of the stock is currently owned by institutional investors.

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.