HUYA (NYSE:HUYA) Upgraded to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded HUYA from “Sell” to “Hold,” while analysts’ overall consensus remains “Moderate Buy” with an average price target of $3.45.
• HUYA shares opened at $2.18, near their 52-week low of $2.08 and below both the 50-day and 200-day moving averages.
• The company reported quarterly revenue of $256.01 million and EPS of $0.02, but continues to have a negative net margin; institutional investors own 23.2% of the stock.

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 research note issued on Saturday.

Other analysts have also issued reports about the stock. Citigroup reaffirmed a "buy" rating on shares of HUYA in a research note on Wednesday, August 12th. Weiss Ratings downgraded shares of HUYA from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, HUYA has an average rating of "Moderate Buy" and an average price target of $3.45.

HUYA Stock Up 0.9%

HUYA opened at $2.18 on Friday. The stock's fifty day moving average is $2.35 and its two-hundred day moving average is $2.90. The company has a market capitalization of $497.85 million, a P/E ratio of -36.33 and a beta of 0.87. HUYA has a 52 week low of $2.08 and a 52 week high of $4.93.

HUYA (NYSE:HUYA - Get Free Report) last posted its quarterly 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 positive return on equity of 0.20% and a negative net margin of 1.59%. Equities analysts anticipate that HUYA will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On HUYA

Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings 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 worth $817,000 after purchasing an additional 19,353 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of HUYA by 10.3% during 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 last quarter. Finally, AXQ Capital LP purchased a new stake in shares of HUYA during the 2nd quarter valued at $101,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

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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