HUYA Inc – (HUYA) Receives Consensus Recommendation of “Hold” from Analysts

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Shares of HUYA Inc – (NYSE:HUYA) have earned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $30.76.

A number of research analysts have commented on the company. Daiwa Capital Markets assumed coverage on HUYA in a report on Monday, January 14th. They set a “neutral” rating on the stock. Goldman Sachs Group raised HUYA from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $34.00 to $28.00 in a report on Thursday, December 6th. JPMorgan Chase & Co. assumed coverage on HUYA in a report on Tuesday, November 27th. They set a “neutral” rating on the stock. Credit Suisse Group raised HUYA from a “neutral” rating to an “outperform” rating and set a $25.80 target price on the stock in a report on Tuesday, November 13th. Finally, Citigroup assumed coverage on HUYA in a report on Monday, October 29th. They set a “buy” rating and a $26.00 target price on the stock.

Shares of HUYA opened at $20.00 on Wednesday. HUYA has a one year low of $14.44 and a one year high of $50.82.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Monday, November 12th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.51. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.21 billion. HUYA’s quarterly revenue was up 118.8% compared to the same quarter last year.

A number of large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its position in shares of HUYA by 79.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,136,196 shares of the company’s stock worth $50,372,000 after purchasing an additional 943,384 shares during the period. BlackRock Inc. acquired a new stake in shares of HUYA during the 2nd quarter worth approximately $15,108,000. Rovida Advisors Inc. raised its position in shares of HUYA by 73.3% during the 3rd quarter. Rovida Advisors Inc. now owns 862,800 shares of the company’s stock worth $20,293,000 after purchasing an additional 365,000 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of HUYA during the 3rd quarter worth approximately $7,172,000. Finally, William Blair Investment Management LLC raised its position in shares of HUYA by 194.7% during the 3rd quarter. William Blair Investment Management LLC now owns 306,266 shares of the company’s stock worth $7,222,000 after purchasing an additional 202,343 shares during the period. 6.56% of the stock is currently owned by institutional investors.

About HUYA

HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.

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Analyst Recommendations for HUYA (NYSE:HUYA)

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