HUYA (NYSE:HUYA) Stock Lifted to Hold by Wall Street Zen

Key Points

• Wall Street Zen upgraded HUYA from “sell” to “hold,” while analysts’ overall consensus remains “Moderate Buy” with a $3.45 price target.
• HUYA reported quarterly revenue of $256.01 million and EPS of $0.02; analysts expect approximately $0.14 in EPS for the full year.
• Shares opened at $2.29, near their 52-week low of $2.02 and below the 52-week high of $4.93. Institutional investors own 23.2% of the stock, with AXQ Capital recently purchasing a new stake.

HUYA (NYSE:HUYA - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Monday, Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on the stock. Citigroup reaffirmed a "buy" rating on shares of HUYA in a research report 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 research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $3.45.

HUYA Price Performance

Shares of NYSE HUYA opened at $2.29 on Monday. The stock has a market capitalization of $521.83 million, a PE ratio of -38.08 and a beta of 0.78. The business has a fifty day moving average price of $2.26 and a two-hundred day moving average price of $2.60. HUYA has a fifty-two week low of $2.02 and a fifty-two week high of $4.93.

HUYA (NYSE:HUYA - Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported $0.02 earnings per share (EPS) for the quarter. HUYA had a positive return on equity of 0.20% and a negative net margin of 1.59%.The company had revenue of $256.01 million for the quarter. On average, equities analysts expect that HUYA will post 0.14 EPS for the current year.

Institutional Trading of HUYA

A hedge fund recently bought a new stake in HUYA stock. AXQ Capital LP purchased a new stake in HUYA Inc. Sponsored ADR (NYSE:HUYA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 43,773 shares of the company's stock, valued at approximately $101,000. 23.20% of the stock is currently owned by institutional investors.

HUYA Company Profile

HUYA Inc NYSE: HUYA operates a game-focused live-streaming platform in China. Through its Huya service, the company enables users to watch and interact with live broadcasts of video games, esports competitions and other entertainment content on computers and mobile devices.

The company provides services for viewers, streamers, game developers and esports organizers. Its offerings include live game broadcasts, esports event coverage, user-generated content, interactive community features and tools that allow creators to produce and distribute livestreams.

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