HUYA Inc – (NYSE:HUYA) Receives Average Recommendation of “Buy” from Brokerages

Shares of HUYA Inc – (NYSE:HUYA) have received a consensus recommendation of “Buy” from the twelve brokerages that are covering the stock, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have covered the stock in the last year is $28.15.

Several brokerages have recently weighed in on HUYA. ValuEngine upgraded shares of HUYA from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Bank of America began coverage on shares of HUYA in a research report on Wednesday, May 29th. They set a “buy” rating and a $26.00 price objective for the company. JPMorgan Chase & Co. upgraded shares of HUYA from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $28.00 to $26.00 in a research report on Tuesday, May 28th. Tigress Financial began coverage on shares of HUYA in a research report on Friday, April 26th. They set a “buy” rating for the company. Finally, Jefferies Financial Group began coverage on shares of HUYA in a research report on Monday. They set a “buy” rating and a $26.80 price objective for the company.

A number of hedge funds have recently added to or reduced their stakes in HUYA. Daiwa Securities Group Inc. raised its position in HUYA by 44.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,940 shares of the company’s stock valued at $83,000 after purchasing an additional 900 shares during the last quarter. Citigroup Inc. raised its position in HUYA by 932.5% in the 4th quarter. Citigroup Inc. now owns 8,033 shares of the company’s stock valued at $124,000 after purchasing an additional 7,255 shares during the last quarter. Bank of Montreal Can purchased a new stake in HUYA in the 1st quarter valued at $184,000. National Asset Management Inc. purchased a new stake in HUYA in the 1st quarter valued at $233,000. Finally, Deutsche Bank AG purchased a new stake in HUYA in the 4th quarter valued at $242,000. Hedge funds and other institutional investors own 15.96% of the company’s stock.

HUYA stock traded up $0.04 during trading on Wednesday, reaching $20.15. The stock had a trading volume of 1,606,300 shares, compared to its average volume of 3,187,895. HUYA has a 52-week low of $14.44 and a 52-week high of $33.50. The firm has a 50 day moving average of $23.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market capitalization of $4.05 billion, a PE ratio of 201.50 and a beta of 2.13.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Thursday, May 16th. The company reported $0.04 earnings per share (EPS) for the quarter. HUYA had a negative net margin of 35.91% and a positive return on equity of 4.60%. The company had revenue of $243.10 million during the quarter, compared to the consensus estimate of $227.35 million. As a group, sell-side analysts expect that HUYA will post 0.24 EPS for the current fiscal year.

About HUYA

HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.

See Also: Buy Rating

Analyst Recommendations for HUYA (NYSE:HUYA)

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