HUYA (NYSE:HUYA) Shares Up 4.1% – Time to Buy?

HUYA Inc. Sponsored ADR (NYSE:HUYA) was up 4.1% during mid-day trading on Tuesday . The company traded as high as $2.90 and last traded at $2.9250. Approximately 90,996 shares changed hands during trading, a decline of 95% from the average daily volume of 1,685,361 shares. The stock had previously closed at $2.81.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HUYA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of HUYA in a research note on Monday, December 22nd. Hsbc Global Res upgraded HUYA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Zacks Research upgraded HUYA to a “hold” rating in a research note on Monday, September 8th. Finally, HSBC raised HUYA from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, HUYA currently has an average rating of “Hold” and a consensus target price of $3.50.

HUYA Stock Performance

The stock has a market cap of $655.71 million, a PE ratio of -32.61 and a beta of 0.78. The firm has a fifty day moving average price of $2.88 and a 200 day moving average price of $3.16.

HUYA (NYSE:HUYA) last announced its earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. HUYA had a positive return on equity of 0.73% and a negative net margin of 2.63%.The company had revenue of $215.93 million for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the company posted $0.34 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts forecast that HUYA Inc. Sponsored ADR will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On HUYA

Several hedge funds and other institutional investors have recently modified their holdings of HUYA. Public Employees Retirement System of Ohio grew its position in HUYA by 8.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock worth $817,000 after purchasing an additional 19,353 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of HUYA by 92.1% during the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock worth $286,000 after buying an additional 41,138 shares during the period. Loomis Sayles & Co. L P lifted its stake in shares of HUYA by 327.0% during the second quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock worth $36,000 after buying an additional 7,867 shares during the period. Acadian Asset Management LLC grew its holdings in shares of HUYA by 0.9% during the first quarter. Acadian Asset Management LLC now owns 3,067,145 shares of the company’s stock valued at $9,835,000 after buying an additional 27,582 shares during the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of HUYA in the 1st quarter valued at $1,264,000. 23.20% of the stock is owned by hedge funds and other institutional investors.

About HUYA

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.