HUYA Inc – (NYSE:HUYA) Receives $27.27 Average Price Target from Brokerages

HUYA Inc – (NYSE:HUYA) has been assigned an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $26.75.

A number of equities research analysts recently commented on the stock. ValuEngine lowered shares of HUYA from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. HSBC assumed coverage on shares of HUYA in a report on Monday, September 16th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of HUYA from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday. TheStreet cut shares of HUYA from a “c-” rating to a “d+” rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley lowered shares of HUYA from an “overweight” rating to an “equal” rating and dropped their target price for the stock from $28.00 to $23.00 in a report on Monday.

Shares of HUYA traded down $0.03 during mid-day trading on Tuesday, reaching $18.68. The company’s stock had a trading volume of 3,260,472 shares, compared to its average volume of 3,054,340. HUYA has a 52 week low of $14.44 and a 52 week high of $30.00. The stock has a market cap of $4.19 billion, a PE ratio of 186.80 and a beta of 1.88. The company’s fifty day moving average price is $22.28 and its two-hundred day moving average price is $23.02. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.01.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, November 12th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.81. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.16 billion. HUYA had a net margin of 5.50% and a return on equity of 5.88%. The firm’s quarterly revenue was up 77.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 EPS. Research analysts anticipate that HUYA will post 0.27 EPS for the current year.

A number of hedge funds have recently made changes to their positions in HUYA. Morgan Stanley raised its stake in HUYA by 2,989.9% in the second quarter. Morgan Stanley now owns 4,797,928 shares of the company’s stock worth $118,557,000 after buying an additional 4,642,652 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of HUYA in the 2nd quarter valued at approximately $34,971,000. Nuveen Asset Management LLC bought a new stake in shares of HUYA during the second quarter valued at approximately $26,266,000. TimesSquare Capital Management LLC bought a new stake in shares of HUYA during the second quarter valued at approximately $25,078,000. Finally, Renaissance Technologies LLC purchased a new stake in HUYA in the second quarter worth $23,289,000. 26.12% of the stock is owned by institutional investors.

About HUYA

HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.

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Analyst Recommendations for HUYA (NYSE:HUYA)

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