HUYA (NYSE:HUYA) Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded HUYA from “hold” to “sell.” Despite the downgrade, analysts’ overall consensus remains “Moderate Buy,” with an average price target of $3.45.
• HUYA shares opened at $2.12, near the company’s 52-week low of $2.07 and below its 50-day and 200-day moving averages of $2.34 and $2.81, respectively.
• The company reported quarterly earnings per share of $0.02 on revenue of $256.01 million, but continued to post a negative net margin of 1.59%. Institutional investors own 23.2% of HUYA’s outstanding shares.

HUYA (NYSE:HUYA - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Sunday, Wall Street Zen reports.

Several other research analysts have also recently issued reports on the company. Citigroup reaffirmed a "buy" rating on shares of HUYA in a research report on Wednesday, August 12th. Weiss Ratings lowered HUYA from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $3.45.

HUYA Price Performance

Shares of NYSE HUYA opened at $2.12 on Friday. The business has a fifty day moving average price of $2.34 and a 200 day moving average price of $2.81. HUYA has a 1-year low of $2.07 and a 1-year high of $4.93. The stock has a market capitalization of $484.14 million, a P/E ratio of -35.33 and a beta of 0.88.

HUYA (NYSE:HUYA - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $256.01 million for the quarter. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. As a group, equities research analysts anticipate that HUYA will post 0.14 earnings per share for the current fiscal year.

Institutional Trading of HUYA

A number of hedge funds and other institutional investors have recently made changes to their positions in HUYA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of HUYA by 10.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company's stock valued at $497,000 after purchasing an additional 14,456 shares during the period. Public Employees Retirement System of Ohio lifted its stake in HUYA by 8.6% in the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company's stock valued at $817,000 after buying an additional 19,353 shares during the last quarter. Finally, AXQ Capital LP purchased a new stake in HUYA in the second quarter valued at approximately $101,000. Institutional investors and hedge funds own 23.20% of the company's stock.

HUYA Company Profile

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.

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