Citigroup Begins Coverage on HUYA (HUYA)

Citigroup initiated coverage on shares of HUYA (NYSE:HUYA) in a research note released on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $26.00 target price on the stock.

A number of other brokerages have also weighed in on HUYA. Goldman Sachs Group assumed coverage on shares of HUYA in a research note on Friday, August 3rd. They issued a neutral rating and a $34.00 price target on the stock. CLSA assumed coverage on shares of HUYA in a research note on Tuesday, September 4th. They issued an outperform rating and a $33.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. HUYA presently has a consensus rating of Hold and an average price target of $33.50.

Shares of HUYA opened at $17.32 on Monday. HUYA has a twelve month low of $15.25 and a twelve month high of $50.82.



HUYA (NYSE:HUYA) last announced its quarterly earnings results on Monday, August 13th. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.55) by $1.92. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $992.74 million. The firm’s quarterly revenue was up 125.0% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently made changes to their positions in HUYA. FNY Investment Advisers LLC bought a new position in HUYA in the second quarter valued at approximately $146,000. Perpetual Ltd acquired a new stake in shares of HUYA in the second quarter valued at approximately $405,000. Ariose Capital Management Ltd acquired a new stake in shares of HUYA in the second quarter valued at approximately $164,441,000. Nomura Asset Management Co. Ltd. acquired a new stake in shares of HUYA in the second quarter valued at approximately $204,000. Finally, BKS Advisors LLC acquired a new stake in shares of HUYA in the second quarter valued at approximately $230,000. 5.86% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Cash Flow

Analyst Recommendations for HUYA (NYSE:HUYA)

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