HUYA (NYSE:HUYA) Shares Up 6% – Should You Buy?

HUYA Inc. (NYSE:HUYA)’s stock price rose 6% during trading on Tuesday . The company traded as high as $3.02 and last traded at $3.02. Approximately 432,199 shares changed hands during trading, a decline of 57% from the average daily volume of 995,161 shares. The stock had previously closed at $2.85.

Analyst Upgrades and Downgrades

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

HUYA Stock Up 6.1 %

The company has a market capitalization of $727.78 million, a price-to-earnings ratio of -35.72 and a beta of 0.62. The stock’s 50-day moving average price is $3.10 and its 200-day moving average price is $3.85.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.04 by $0.30. The company 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 0.30% and a negative net margin of 2.51%. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.05 EPS. On average, equities research analysts anticipate that HUYA Inc. will post 0.16 EPS for the current year.

Institutional Trading of HUYA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of HUYA by 236.8% during the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after buying an additional 1,681,800 shares during the period. Millennium Management LLC acquired a new stake in HUYA during the 2nd quarter worth $5,197,000. Canada Pension Plan Investment Board bought a new stake in shares of HUYA during the 2nd quarter valued at $2,052,000. Marshall Wace LLP lifted its stake in shares of HUYA by 177.6% in the 2nd quarter. Marshall Wace LLP now owns 784,081 shares of the company’s stock valued at $3,097,000 after purchasing an additional 501,681 shares during the period. Finally, Caxton Associates LP boosted its position in shares of HUYA by 407.5% in the 2nd quarter. Caxton Associates LP now owns 411,811 shares of the company’s stock worth $1,627,000 after purchasing an additional 330,659 shares during the last quarter. 23.20% of the stock is 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.