HUYA (NYSE:HUYA) Shares Gap Up – Time to Buy?

HUYA Inc. (NYSE:HUYA) shares gapped up prior to trading on Thursday . The stock had previously closed at $3.03, but opened at $3.50. HUYA shares last traded at $3.34, with a volume of 1,386,497 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HUYA. Hsbc Global Res downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Bank of America downgraded shares of HUYA from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $5.80 to $4.00 in a report on Wednesday, November 6th. HSBC reiterated a “hold” rating and issued a $4.70 target price on shares of HUYA in a research note on Friday, October 11th. Finally, Citigroup lowered their price target on HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.68.

HUYA Trading Up 2.6 %

The company has a market capitalization of $748.15 million, a P/E ratio of -36.72 and a beta of 0.62. The business’s fifty day moving average price is $3.10 and its 200 day moving average price is $3.84.

HUYA (NYSE:HUYA) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.30. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. Equities research analysts anticipate that HUYA Inc. will post 0.16 EPS for the current year.

Institutional Trading of HUYA

A number of large investors have recently bought and sold shares of the stock. Seldon Capital LP acquired a new stake in shares of HUYA during the third quarter worth approximately $51,000. Smith Anglin Financial LLC increased its holdings in HUYA by 27.9% during the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock valued at $56,000 after purchasing an additional 4,002 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new position in HUYA in the 3rd quarter valued at $61,000. XTX Topco Ltd acquired a new position in HUYA in the third quarter worth $90,000. Finally, Quantbot Technologies LP grew its holdings in shares of HUYA by 18.9% during the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock worth $118,000 after purchasing an additional 3,685 shares during the last quarter. 23.20% of the stock is currently owned by institutional investors.

About HUYA

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.