Citigroup Has Lowered Expectations for HUYA (NYSE:HUYA) Stock Price

HUYA (NYSE:HUYA) had its target price reduced by stock analysts at Citigroup from $5.90 to $5.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 63.13% from the company’s previous close.

Several other brokerages have also recently weighed in on HUYA. Bank of America cut 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 research note on Wednesday, November 6th. HSBC reissued a “hold” rating and set a $4.70 price target on shares of HUYA in a research report on Friday, October 11th. Finally, Hsbc Global Res lowered shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.68.

HUYA Price Performance

NYSE:HUYA opened at $3.07 on Thursday. HUYA has a one year low of $2.92 and a one year high of $6.84. The company has a market cap of $714.39 million, a PE ratio of -34.06 and a beta of 0.62. The firm has a 50-day moving average of $4.05 and a 200-day moving average of $4.35.

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. HUYA had a positive return on equity of 0.29% and a negative net margin of 2.51%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the company posted $0.05 EPS. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, equities research analysts expect that HUYA will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of HUYA

A number of large investors have recently added to or reduced their stakes in the stock. Seldon Capital LP purchased a new position in HUYA in the third quarter valued at about $51,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of HUYA in the 3rd quarter worth approximately $61,000. Smith Anglin Financial LLC purchased a new position in HUYA in the third quarter valued at approximately $73,000. Bayesian Capital Management LP grew its holdings in HUYA by 22.0% during the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock valued at $88,000 after purchasing an additional 3,500 shares during the period. Finally, XTX Topco Ltd bought a new position in HUYA during the third quarter valued at $90,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.

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.