Citigroup Cuts HUYA (NYSE:HUYA) Price Target to $5.00

HUYA (NYSE:HUYA) had its price objective trimmed by Citigroup from $5.90 to $5.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

HUYA has been the topic of a number of other research reports. HSBC restated a “hold” rating and set a $4.70 target price on shares of HUYA in a report on Friday, October 11th. Hsbc Global Res downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Bank of America cut HUYA from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $5.80 to $4.00 in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.68.

HUYA Trading Down 0.6 %

Shares of NYSE HUYA opened at $3.06 on Thursday. HUYA has a 1 year low of $2.92 and a 1 year high of $6.84. The company’s 50-day moving average is $4.05 and its 200 day moving average is $4.35.

HUYA (NYSE:HUYA) last posted its earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.30. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 EPS. On average, research analysts anticipate that HUYA will post 0.16 EPS for the current fiscal year.

Institutional Trading of HUYA

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Seldon Capital LP bought a new position in shares of HUYA in the third quarter worth approximately $51,000. Central Asset Investments & Management Holdings HK Ltd bought a new position in HUYA in the 3rd quarter valued at approximately $61,000. Smith Anglin Financial LLC purchased a new stake in HUYA during the 3rd quarter valued at $73,000. XTX Topco Ltd bought a new stake in shares of HUYA in the 3rd quarter worth $90,000. Finally, Bayesian Capital Management LP raised its stake in shares of HUYA by 22.0% in the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock worth $88,000 after purchasing an additional 3,500 shares during the last quarter. 23.20% of the stock is currently owned by 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.