HUYA (NYSE:HUYA) Stock Rating Upgraded 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 target price.
• HUYA shares opened at $2.06, near their 52-week low of $2.02 and below both the 50-day ($2.27) and 200-day ($2.68) moving averages.
• The company reported quarterly revenue of $256.01 million and earnings of $0.02 per share; institutional investors own 23.2% of the stock, including a new 43,773-share position purchased by AXQ Capital.

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

HUYA has been the subject of a number of other reports. Citigroup reissued a "buy" rating on shares of HUYA in a report on Wednesday, August 12th. Weiss Ratings lowered HUYA from a "sell (d-)" rating to a "sell (e+)" rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $3.45.

HUYA Trading Up 0.2%

HUYA opened at $2.06 on Friday. HUYA has a 1-year low of $2.02 and a 1-year high of $4.93. The company has a market cap of $471.58 million, a price-to-earnings ratio of -34.41 and a beta of 0.88. The company's fifty day moving average price is $2.27 and its two-hundred day moving average price is $2.68.

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

Institutional Trading of HUYA

An institutional investor recently bought a new position in HUYA stock. AXQ Capital LP bought a new stake in shares of HUYA Inc. Sponsored ADR (NYSE:HUYA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 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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