HUYA (NYSE:HUYA) Shares Gap Down to $4.42

Shares of HUYA Inc. (NYSE:HUYA - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $4.42, but opened at $4.28. HUYA shares last traded at $4.58, with a volume of 502,669 shares trading hands.

Analysts Set New Price Targets

Separately, Bank of America raised HUYA from a "neutral" rating to a "buy" rating and set a $5.80 price objective on the stock in a research report on Monday, March 25th.

HUYA Price Performance

The business has a 50-day moving average of $4.53 and a two-hundred day moving average of $3.80. The company has a market cap of $1.10 billion, a P/E ratio of -42.95 and a beta of 0.61.

HUYA (NYSE:HUYA - Get Free Report) last issued its quarterly earnings results on Tuesday, March 19th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The business had revenue of $215.47 million during the quarter, compared to analyst estimates of $206.51 million. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.80%. Equities analysts anticipate that HUYA Inc. will post 0.11 EPS for the current fiscal year.

HUYA Dividend Announcement

The firm also recently declared a -- dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.64 dividend. The ex-dividend date is Thursday, May 9th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HUYA. Jacob Asset Management of New York LLC raised its stake in shares of HUYA by 23.9% in the third quarter. Jacob Asset Management of New York LLC now owns 407,010 shares of the company's stock worth $1,156,000 after purchasing an additional 78,415 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of HUYA by 5.8% in the third quarter. Principal Financial Group Inc. now owns 102,011 shares of the company's stock worth $290,000 after purchasing an additional 5,595 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of HUYA in the third quarter worth about $1,796,000. Quantbot Technologies LP raised its stake in shares of HUYA by 70.5% in the third quarter. Quantbot Technologies LP now owns 33,768 shares of the company's stock worth $96,000 after purchasing an additional 13,968 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of HUYA in the third quarter worth about $30,000. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

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.