HUYA (NYSE:HUYA) Given New $5.00 Price Target at Citigroup

HUYA (NYSE:HUYA) had its price objective decreased by Citigroup from $5.90 to $5.00 in a research note issued to investors on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Bank of America downgraded shares of HUYA from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $5.80 to $4.00 in a research report on Wednesday, November 6th. Hsbc Global Res cut HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, HSBC reiterated a “hold” rating and issued a $4.70 target price on shares of HUYA in a research report on Friday, October 11th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.68.

HUYA Stock Up 0.3 %

Shares of HUYA traded up $0.01 during mid-day trading on Thursday, reaching $3.09. The company had a trading volume of 401,819 shares, compared to its average volume of 1,562,892. The firm has a fifty day simple moving average of $4.07 and a 200-day simple moving average of $4.36. HUYA has a fifty-two week low of $2.92 and a fifty-two week high of $6.84.

HUYA (NYSE:HUYA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.30. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. HUYA had a positive return on equity of 0.29% and a negative net margin of 2.51%. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Analysts forecast that HUYA will post 0.16 earnings per share for the current year.

Institutional Trading of HUYA

Large investors have recently added to or reduced their stakes in the business. Maple Rock Capital Partners Inc. raised its holdings in HUYA by 125.2% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 5,145,125 shares of the company’s stock worth $23,410,000 after buying an additional 2,860,000 shares during the period. Acadian Asset Management LLC lifted its position in shares of HUYA by 526.0% in the second quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock worth $13,011,000 after purchasing an additional 2,770,594 shares in the last quarter. FMR LLC boosted its holdings in shares of HUYA by 236.8% during the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after purchasing an additional 1,681,800 shares during the period. Millennium Management LLC purchased a new position in HUYA during the second quarter valued at approximately $5,197,000. Finally, Polunin Capital Partners Ltd purchased a new stake in HUYA in the 2nd quarter worth approximately $5,166,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

HUYA Company Profile

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.