HUYA (NYSE:HUYA) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded HUYA from “hold” to “sell,” although MarketBeat’s analyst consensus remains “Moderate Buy” with an average price target of $3.45.
• HUYA shares opened at $2.29, near their 12-month low of $2.15, with the stock trading below both its 50-day and 200-day moving averages.
• The company’s latest quarterly results fell short of expectations: EPS was $0.02 versus $0.03 projected, while revenue came in at $256.01 million versus an estimated $260.76 million.

HUYA (NYSE:HUYA - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Several other brokerages have also recently commented on HUYA. Weiss Ratings cut shares of HUYA from a "sell (d-)" rating to a "sell (e+)" rating in a report on Thursday, August 6th. Citigroup reiterated a "buy" rating on shares of HUYA in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, HUYA currently has a consensus rating of "Moderate Buy" and an average target price of $3.45.

HUYA Trading Down 1.9%

Shares of NYSE HUYA opened at $2.29 on Friday. The company has a market capitalization of $513.00 million, a P/E ratio of -38.24 and a beta of 0.87. HUYA has a 12 month low of $2.15 and a 12 month high of $4.93. The stock has a 50 day moving average of $2.39 and a 200-day moving average of $3.04.

HUYA (NYSE:HUYA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The company had revenue of $256.01 million during the quarter, compared to analyst estimates of $260.76 million. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. Analysts predict that HUYA will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its position in HUYA stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in HUYA Inc. Sponsored ADR (NYSE:HUYA - Free Report) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,694 shares of the company's stock after buying an additional 14,456 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.07% of HUYA worth $497,000 at the end of the most recent reporting period. 23.20% of the stock is currently owned by institutional investors.

About HUYA

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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