HUYA (NYSE:HUYA) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen downgraded HUYA from “Hold” to “Sell,” although analyst sentiment remains mixed; MarketBeat lists a “Moderate Buy” consensus rating and a $3.45 average price target.
• HUYA shares opened at $2.31, down 1.1%, with a market capitalization of about $526 million and a 52-week range of $2.02 to $4.93.
• The company reported quarterly revenue of $256.01 million and earnings of $0.02 per share, while institutional investors own 23.2% of the stock; the Ohio public employees’ retirement system recently purchased 190,599 shares.

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

A number of other analysts have also weighed in on HUYA. Citigroup reissued a "buy" rating on shares of HUYA in a research note on Wednesday, August 12th. Weiss Ratings cut shares of 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 given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, HUYA has an average rating of "Moderate Buy" and a consensus price target of $3.45.

HUYA Trading Down 1.1%

Shares of HUYA stock opened at $2.31 on Friday. The stock has a market cap of $526.38 million, a P/E ratio of -38.41 and a beta of 0.88. HUYA has a 1 year low of $2.02 and a 1 year high of $4.93. The stock has a 50 day simple moving average of $2.26 and a 200 day simple moving average of $2.64.

HUYA (NYSE:HUYA - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $0.02 earnings per share (EPS) 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%. Analysts forecast that HUYA will post 0.14 EPS for the current year.

Institutional Investors Weigh In On HUYA

A hedge fund recently bought a new position in HUYA stock. Public Employees Retirement System of Ohio bought a new stake in shares of HUYA Inc. Sponsored ADR (NYSE:HUYA - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 190,599 shares of the company's stock, valued at approximately $438,000. Public Employees Retirement System of Ohio owned approximately 0.09% of HUYA as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 23.20% of the company's stock.

About HUYA

HUYA Inc is a China-based interactive entertainment company that operates a leading game live-streaming platform. Through its website and mobile applications, the company enables users to watch and participate in live broadcasts of video games, esports competitions, entertainment programming, and other digital content.

HUYA generates revenue through virtual gifts and memberships, advertising, and game-related services. Its platform provides broadcasters and content creators with tools for live streaming, audience interaction, and community building.

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