Citigroup Has Lowered Expectations for HUYA (NYSE:HUYA) Stock Price

HUYA (NYSE:HUYA) had its target price decreased by equities researchers at Citigroup from $5.90 to $5.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 63.13% from the stock’s current price.

A number of other equities analysts have also recently commented on HUYA. HSBC reissued a “hold” rating and set a $4.70 price target on shares of HUYA in a report on Friday, October 11th. Bank of America downgraded shares of HUYA from a “buy” rating to a “neutral” rating and reduced their price target for the company from $5.80 to $4.00 in a research note on Wednesday, November 6th. Finally, Hsbc Global Res cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.68.

HUYA Stock Down 0.5 %

NYSE HUYA opened at $3.07 on Thursday. The firm has a 50-day moving average price of $4.05 and a two-hundred day moving average price of $4.35. HUYA has a 12-month low of $2.92 and a 12-month high of $6.84. The company has a market capitalization of $714.39 million, a P/E ratio of -34.06 and a beta of 0.62.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.30. The firm had revenue of $1.54 billion during 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 company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 EPS. Equities analysts expect that HUYA will post 0.16 EPS for the current year.

Institutional Investors Weigh In On HUYA

A number of hedge funds have recently added to or reduced their stakes in the business. Seldon Capital LP acquired a new stake in HUYA in the third quarter worth $51,000. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of HUYA during the 3rd quarter worth about $61,000. Smith Anglin Financial LLC acquired a new stake in shares of HUYA in the 3rd quarter valued at about $73,000. Bayesian Capital Management LP increased its position in HUYA by 22.0% in the 1st quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock valued at $88,000 after buying an additional 3,500 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in HUYA in the 3rd quarter valued at about $90,000. 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.