HUYA (NYSE:HUYA) Rating Increased to Buy at Zacks Investment Research

HUYA (NYSE:HUYA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Zacks.com reports. The brokerage presently has a $25.00 target price on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.41% from the company’s previous close.

According to Zacks, “HUYA Inc. provides online services. The Company offers interactive video broadcast service which includes e-sports, music, reality show and more. HUYA Inc.is based in Guangzhou, China. “

Several other equities research analysts have also recently weighed in on HUYA. Jefferies Financial Group started coverage on shares of HUYA in a research report on Monday, August 5th. They issued a “buy” rating and a $26.80 price target on the stock. HSBC started coverage on shares of HUYA in a research report on Monday, September 16th. They issued a “buy” rating on the stock. TheStreet cut shares of HUYA from a “c-” rating to a “d+” rating in a research report on Tuesday, November 12th. Finally, ValuEngine cut shares of HUYA from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $27.49.

HUYA stock opened at $22.44 on Friday. The stock has a market cap of $5.27 billion, a P/E ratio of 224.40 and a beta of 1.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.83 and a quick ratio of 4.83. HUYA has a 1 year low of $14.44 and a 1 year high of $30.00. The firm’s 50 day moving average price is $22.99 and its 200-day moving average price is $23.12.

HUYA (NYSE:HUYA) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.81. HUYA had a net margin of 5.50% and a return on equity of 6.25%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 77.4% compared to the same quarter last year. As a group, equities analysts expect that HUYA will post 0.26 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in HUYA. Ladenburg Thalmann Financial Services Inc. increased its position in HUYA by 83.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,080 shares of the company’s stock worth $52,000 after purchasing an additional 947 shares during the last quarter. Bank of Montreal Can boosted its stake in HUYA by 24.1% during the second quarter. Bank of Montreal Can now owns 8,132 shares of the company’s stock worth $201,000 after buying an additional 1,578 shares during the period. Segantii Capital Management Ltd boosted its stake in HUYA by 16.7% during the second quarter. Segantii Capital Management Ltd now owns 12,082 shares of the company’s stock worth $299,000 after buying an additional 1,726 shares during the period. TB Alternative Assets Ltd. purchased a new position in HUYA during the third quarter worth $340,000. Finally, NumerixS Investment Technologies Inc purchased a new position in HUYA during the second quarter worth $361,000. Institutional investors own 21.50% of the company’s stock.

HUYA Company Profile

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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