Zacks Research Downgrades HUYA (NYSE:HUYA) to Hold

Key Points

• Zacks Research downgraded HUYA from a "strong-buy" to a "hold," and analysts' opinions are mixed—one Strong Buy, one Hold and one Sell—leaving a consensus rating of Hold with an average price target of $3.45.
• HUYA reported Q4 EPS of −$0.01 on $248.48 million in revenue, a negative net margin of 1.77% and a modest ROE of 0.50%, and its board announced a stock repurchase plan (the report lists a $0.00 repurchase authorization).

HUYA (NYSE:HUYA - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings restated a "sell (d-)" rating on shares of HUYA in a research note on Monday, December 29th. Morgan Stanley set a $3.40 target price on shares of HUYA in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, HUYA presently has a consensus rating of "Hold" and an average price target of $3.45.

HUYA Stock Up 9.4%

Shares of HUYA stock opened at $3.31 on Monday. The company has a market cap of $738.77 million, a PE ratio of -55.07 and a beta of 0.89. HUYA has a 52 week low of $2.21 and a 52 week high of $4.93. The business has a 50 day moving average price of $3.76 and a 200-day moving average price of $3.31.

HUYA (NYSE:HUYA - Get Free Report) last announced its earnings results on Sunday, February 15th. The company reported ($0.01) earnings per share (EPS) for the quarter. HUYA had a negative net margin of 1.77% and a positive return on equity of 0.50%. The company had revenue of $248.48 million for the quarter. As a group, research analysts anticipate that HUYA will post 0.16 EPS for the current year.

HUYA declared that its board has initiated a stock repurchase plan on Wednesday, March 18th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Institutional Trading of HUYA

A number of hedge funds have recently bought and sold shares of HUYA. Public Employees Retirement System of Ohio boosted its position 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. SG Americas Securities LLC increased its position in shares of HUYA by 92.1% during the 3rd quarter. SG Americas Securities LLC now owns 85,796 shares of the company's stock valued at $286,000 after purchasing an additional 41,138 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of HUYA by 327.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company's stock worth $36,000 after purchasing an additional 7,867 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of HUYA by 10.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company's stock worth $497,000 after buying an additional 14,456 shares during the last quarter. 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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