HUYA (NYSE:HUYA) Shares Gap Up – What’s Next?

HUYA Inc. (NYSE:HUYA)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $3.03, but opened at $3.50. HUYA shares last traded at $3.34, with a volume of 1,386,497 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HUYA shares. HSBC reiterated a “hold” rating and issued a $4.70 target price on shares of HUYA in a report on Friday, October 11th. Bank of America lowered HUYA from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $5.80 to $4.00 in a research note on Wednesday, November 6th. Citigroup cut their target price on HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Hsbc Global Res lowered HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, HUYA presently has a consensus rating of “Hold” and a consensus target price of $5.68.

HUYA Price Performance

The firm has a market cap of $748.15 million, a PE ratio of -36.72 and a beta of 0.62. The business has a fifty day moving average price of $3.10 and a two-hundred day moving average price of $3.84.

HUYA (NYSE:HUYA) last issued its earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.30. The company 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 firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. As a group, sell-side analysts forecast that HUYA Inc. will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Seldon Capital LP acquired a new stake in shares of HUYA in the 3rd quarter valued at $51,000. Central Asset Investments & Management Holdings HK Ltd bought a new position in HUYA during the third quarter valued at about $61,000. Smith Anglin Financial LLC acquired a new stake in shares of HUYA in the third quarter worth about $73,000. XTX Topco Ltd bought a new stake in shares of HUYA during the 3rd quarter worth about $90,000. Finally, Quantbot Technologies LP increased its holdings in shares of HUYA by 18.9% during the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after acquiring an additional 3,685 shares during the last quarter. 23.20% of the stock is owned by institutional investors and hedge funds.

About HUYA

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.