HUYA Inc. (NYSE:HUYA) Receives Average Recommendation of "Hold" from Analysts

Shares of HUYA Inc. (NYSE:HUYA - Get Free Report) have received a consensus rating of "Hold" from the six brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $4.57.

Several research firms have recently weighed in on HUYA. Daiwa Capital Markets downgraded HUYA from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 18th. Daiwa America downgraded HUYA from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 18th.

Hedge Funds Weigh In On HUYA

Institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new stake in HUYA in the 1st quarter valued at $32,000. Two Sigma Securities LLC acquired a new stake in shares of HUYA in the 4th quarter worth $43,000. Vident Advisory LLC raised its holdings in shares of HUYA by 39.5% during the 1st quarter. Vident Advisory LLC now owns 17,624 shares of the company's stock worth $57,000 after acquiring an additional 4,993 shares during the period. Virtu Financial LLC purchased a new position in shares of HUYA during the 1st quarter worth $93,000. Finally, Sei Investments Co. acquired a new position in shares of HUYA during the 4th quarter valued at about $94,000. Hedge funds and other institutional investors own 23.20% of the company's stock.

HUYA Stock Up 3.1%

Shares of NYSE HUYA traded up $0.12 during trading on Friday, hitting $3.93. The company had a trading volume of 816,563 shares, compared to its average volume of 1,602,928. The firm has a market capitalization of $885.16 million, a price-to-earnings ratio of -43.67 and a beta of 0.81. The stock has a fifty day simple moving average of $3.51 and a two-hundred day simple moving average of $3.46. HUYA has a fifty-two week low of $2.82 and a fifty-two week high of $6.43.

HUYA (NYSE:HUYA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company had revenue of $207.20 million for the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the previous year, the firm posted $0.39 EPS. HUYA's revenue was up .3% compared to the same quarter last year. On average, analysts anticipate that HUYA will post 0.16 earnings per share for the current year.

HUYA Announces Dividend

The business also recently declared an annual dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA's dividend payout ratio is presently -2,042.86%.

About HUYA

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.