HUYA Inc. Sponsored ADR (NYSE:HUYA) Given Average Recommendation of "Hold" by Brokerages

Key Points

• HUYA Inc. has received an average analyst recommendation of "Hold", with six analysts recommending hold and one recommending buy, reflecting cautious optimism.
• The average twelve-month target price for HUYA stock is $4.57, indicating a potential for moderate growth over the next year.
• HUYA's stock has seen hedge funding activity, with institutional investors owning 23.20% of the company's shares, highlighting increased interest from larger investors.

HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $4.5667.

Separately, Zacks Research raised shares of HUYA to a "hold" rating in a report on Monday, September 8th.

Hedge Funds Weigh In On HUYA

Several institutional investors and hedge funds have recently bought and sold shares of the company. National Bank of Canada FI acquired a new stake in shares of HUYA during the first quarter worth $32,000. Loomis Sayles & Co. L P lifted its stake in shares of HUYA by 327.0% during the second quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company's stock worth $36,000 after buying an additional 7,867 shares during the period. Vident Advisory LLC lifted its stake in shares of HUYA by 39.5% during the first quarter. Vident Advisory LLC now owns 17,624 shares of the company's stock worth $57,000 after buying an additional 4,993 shares during the period. Virtu Financial LLC acquired a new stake in shares of HUYA during the first quarter worth $93,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of HUYA during the first quarter worth $110,000. 23.20% of the stock is owned by hedge funds and other institutional investors.

HUYA Price Performance

NYSE HUYA traded down $0.03 on Wednesday, hitting $3.49. The stock had a trading volume of 625,685 shares, compared to its average volume of 1,974,677. The business's fifty day moving average price is $3.31 and its 200 day moving average price is $3.50. HUYA has a 52-week low of $2.21 and a 52-week high of $6.43. The stock has a market cap of $774.89 million, a price-to-earnings ratio of -38.72 and a beta of 0.76.

HUYA Company Profile

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.