HUYA Inc – (HUYA) Given Average Recommendation of “Hold” by Brokerages

HUYA Inc – (NYSE:HUYA) has received an average recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $31.96.

Several equities analysts have recently issued reports on the company. Goldman Sachs Group assumed coverage on HUYA in a report on Friday, August 3rd. They issued a “neutral” rating and a $34.00 target price for the company. Citigroup assumed coverage on HUYA in a report on Monday, October 29th. They issued a “buy” rating and a $26.00 target price for the company. Credit Suisse Group raised HUYA from a “neutral” rating to an “outperform” rating and set a $25.80 target price for the company in a report on Tuesday, November 13th. Finally, CLSA assumed coverage on HUYA in a report on Tuesday, September 4th. They issued an “outperform” rating and a $33.00 target price for the company.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in HUYA by 79.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,136,196 shares of the company’s stock valued at $50,372,000 after purchasing an additional 943,384 shares during the period. Sylebra HK Co Ltd grew its holdings in HUYA by 9.1% during the third quarter. Sylebra HK Co Ltd now owns 869,751 shares of the company’s stock valued at $20,509,000 after purchasing an additional 72,545 shares during the period. Rovida Advisors Inc. grew its holdings in HUYA by 73.3% during the third quarter. Rovida Advisors Inc. now owns 862,800 shares of the company’s stock valued at $20,293,000 after purchasing an additional 365,000 shares during the period. Waddell & Reed Financial Inc. bought a new position in HUYA during the second quarter valued at $23,681,000. Finally, FMR LLC bought a new position in HUYA during the second quarter valued at $19,362,000. 6.54% of the stock is owned by institutional investors and hedge funds.

HUYA stock opened at $17.69 on Friday. HUYA has a 12-month low of $15.25 and a 12-month high of $50.82.

HUYA (NYSE:HUYA) last released its earnings results on Monday, November 12th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.51. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.21 billion. The firm’s revenue was up 118.8% compared to the same quarter last year.

HUYA Company Profile

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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