HUYA Inc. (NYSE:HUYA) Given Average Recommendation of “Hold” by Brokerages

HUYA Inc. (NYSE:HUYA) has been given an average rating of “Hold” by the eight brokerages that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.68.

HUYA has been the subject of a number of research analyst reports. Daiwa America downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 18th. Daiwa Capital Markets cut shares of HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 18th.

Institutional Investors Weigh In On HUYA

Large investors have recently added to or reduced their stakes in the business. Vontobel Holding Ltd. acquired a new stake in HUYA in the 4th quarter valued at about $140,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of HUYA during the 4th quarter worth about $371,000. WCM Investment Management LLC boosted its stake in shares of HUYA by 4,396.5% during the 4th quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock worth $8,505,000 after purchasing an additional 2,790,696 shares during the last quarter. Norges Bank acquired a new stake in shares of HUYA during the 4th quarter worth about $282,000. Finally, E Fund Management Co. Ltd. acquired a new stake in shares of HUYA during the 4th quarter worth about $371,000. 23.20% of the stock is owned by institutional investors and hedge funds.

HUYA Stock Down 1.4%

Shares of HUYA opened at $3.62 on Wednesday. The company has a 50-day simple moving average of $3.53 and a 200-day simple moving average of $3.41. The company has a market capitalization of $815.34 million, a PE ratio of -40.22 and a beta of 0.81. HUYA has a 52-week low of $2.82 and a 52-week high of $6.84.

HUYA (NYSE:HUYA) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. On average, research analysts anticipate that HUYA will post 0.16 EPS for the current year.

HUYA Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a $1.47 dividend. The ex-dividend date is Tuesday, June 17th. This represents a yield of 42.55%. HUYA’s payout ratio is -4,766.67%.

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.