HUYA (NYSE:HUYA) Stock Price Down 4.2% – What’s Next?

Shares of HUYA Inc. (NYSE:HUYA) traded down 4.2% during trading on Friday . The stock traded as low as $3.63 and last traded at $3.58. 53,455 shares traded hands during trading, a decline of 96% from the average session volume of 1,442,247 shares. The stock had previously closed at $3.73.

Wall Street Analysts Forecast Growth

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

HUYA Price Performance

The stock has a market capitalization of $797.95 million, a price-to-earnings ratio of -39.06 and a beta of 0.62. The business’s fifty day moving average price is $3.18 and its 200-day moving average price is $3.78.

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

Hedge Funds Weigh In On HUYA

Hedge funds have recently bought and sold shares of the company. Seldon Capital LP bought a new position in 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 purchased a new stake in HUYA during the third quarter worth about $73,000. XTX Topco Ltd bought a new stake in HUYA in the third quarter worth about $90,000. Finally, Quantbot Technologies LP increased its position in HUYA by 18.9% in the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock worth $118,000 after buying an additional 3,685 shares during the last quarter. 23.20% of the stock is owned by hedge funds and other institutional investors.

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.