HSBC Begins Coverage on HUYA (NYSE:HUYA)

HSBC assumed coverage on shares of HUYA (NYSE:HUYA) in a report issued on Monday, BenzingaRatingsTable reports. The brokerage issued a buy rating on the stock.

A number of other research analysts have also recently commented on HUYA. 86 Research raised HUYA from a hold rating to a buy rating and set a $25.65 price target on the stock in a report on Tuesday, July 2nd. Jefferies Financial Group started coverage on HUYA in a report on Monday, August 5th. They issued a buy rating and a $26.80 price target on the stock. Bank of America started coverage on HUYA in a report on Wednesday, May 29th. They issued a buy rating and a $26.00 price target on the stock. JPMorgan Chase & Co. raised HUYA from a neutral rating to an overweight rating and lowered their price target for the stock from $28.00 to $26.00 in a report on Tuesday, May 28th. Finally, ValuEngine raised HUYA from a hold rating to a buy rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. HUYA has a consensus rating of Buy and an average target price of $27.61.

NYSE HUYA opened at $25.95 on Monday. The stock’s 50 day moving average is $23.00 and its 200 day moving average is $23.60. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 0.01. HUYA has a 12 month low of $14.44 and a 12 month high of $30.00. The stock has a market cap of $4.87 billion, a PE ratio of 259.50 and a beta of 2.00.

HUYA (NYSE:HUYA) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.68. HUYA had a return on equity of 5.53% and a net margin of 5.31%. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the firm earned $0.37 EPS. The firm’s revenue was up 93.6% compared to the same quarter last year. On average, analysts forecast that HUYA will post 0.25 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. increased its stake in HUYA by 83.6% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,080 shares of the company’s stock worth $52,000 after acquiring an additional 947 shares during the last quarter. Bank of Montreal Can bought a new position in shares of HUYA during the 1st quarter valued at approximately $184,000. National Asset Management Inc. bought a new position in shares of HUYA during the 1st quarter valued at approximately $233,000. Deutsche Bank AG bought a new position in shares of HUYA during the 4th quarter valued at approximately $242,000. Finally, Segantii Capital Management Ltd increased its position in shares of HUYA by 16.7% during the 2nd quarter. Segantii Capital Management Ltd now owns 12,082 shares of the company’s stock valued at $299,000 after purchasing an additional 1,726 shares during the last quarter. 22.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for HUYA (NYSE:HUYA)

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