Wall Street Zen Downgrades HUYA (NYSE:HUYA) to Sell

HUYA (NYSE:HUYA) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

HUYA has been the subject of a number of other reports. Weiss Ratings downgraded HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of HUYA in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3.45.

HUYA Trading Down 0.2%

HUYA stock opened at $2.29 on Friday. The stock has a 50-day moving average price of $2.39 and a two-hundred day moving average price of $3.04. The stock has a market cap of $513.00 million, a PE ratio of -38.24 and a beta of 0.86. HUYA has a 1 year low of $2.15 and a 1 year high of $4.93.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $256.01 million during the quarter, compared to analyst estimates of $260.76 million. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. On average, analysts forecast that HUYA will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HUYA

A hedge fund recently raised its position in HUYA stock. Public Employees Retirement System of Ohio lifted its holdings in shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) by 8.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 245,295 shares of the company’s stock after buying an additional 19,353 shares during the period. Public Employees Retirement System of Ohio owned about 0.11% of HUYA worth $817,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.20% of the company’s stock.

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.