HUYA (NYSE:HUYA) Shares Gap Down to $3.20

Posted by on Apr 23rd, 2023

Shares of HUYA Inc. (NYSE:HUYA – Get Rating) gapped down prior to trading on Friday . The stock had previously closed at $3.20, but opened at $3.12. HUYA shares last traded at $3.10, with a volume of 103,624 shares traded.

Analyst Ratings Changes

HUYA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded HUYA from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $2.30 to $3.00 in a research note on Friday, April 14th. HSBC reduced their target price on HUYA from $6.30 to $3.80 and set a “hold” rating for the company in a research note on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.58.

HUYA Stock Performance

The stock has a 50 day simple moving average of $3.90 and a two-hundred day simple moving average of $3.60. The firm has a market cap of $759.44 million, a PE ratio of -11.39 and a beta of 0.71.

HUYA (NYSE:HUYA – Get Rating) last released its quarterly earnings data on Tuesday, March 21st. The company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.05. The business had revenue of $304.79 million during the quarter, compared to analyst estimates of $306.42 million. HUYA had a negative return on equity of 3.94% and a negative net margin of 5.19%. Equities research analysts forecast that HUYA Inc. will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On HUYA

A number of institutional investors have recently modified their holdings of the stock. Wipfli Financial Advisors LLC acquired a new stake in shares of HUYA during the 3rd quarter valued at about $27,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of HUYA during the 3rd quarter valued at about $44,000. ExodusPoint Capital Management LP acquired a new stake in shares of HUYA during the 4th quarter valued at about $94,000. Royal Bank of Canada grew its position in shares of HUYA by 8,607.6% during the 1st quarter. Royal Bank of Canada now owns 24,120 shares of the company’s stock valued at $108,000 after acquiring an additional 23,843 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of HUYA during the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 21.84% of the company’s stock.

HUYA Company Profile

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HUYA, Inc is a holding company, which engages in the development of game live streaming platform. The company provides live streaming content for mobile, personal computer, and console games. It also offers content to other entertainment genres, such as talent shows, anime, and outdoor activities. The company was founded in 2014 and is headquartered in Guangzhou, China.

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