HUYA (NYSE:HUYA) Stock Price Down 4.9% – Here’s What Happened

HUYA Inc. (NYSE:HUYA)’s stock price was down 4.9% during trading on Tuesday . The company traded as low as $3.31 and last traded at $3.32. Approximately 225,307 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 1,546,482 shares. The stock had previously closed at $3.49.

Analyst Upgrades and Downgrades

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

HUYA Stock Performance

The stock has a fifty day moving average price of $3.68 and a 200-day moving average price of $4.12. The firm has a market cap of $787.82 million, a PE ratio of -38.83 and a beta of 0.60.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in HUYA in the third quarter valued at about $711,000. Main Management ETF Advisors LLC acquired a new position in shares of HUYA in the 3rd quarter valued at approximately $1,017,000. XTX Topco Ltd purchased a new position in shares of HUYA during the 3rd quarter valued at approximately $90,000. Wellington Management Group LLP grew its position in shares of HUYA by 11.9% during the third quarter. Wellington Management Group LLP now owns 103,852 shares of the company’s stock worth $530,000 after buying an additional 11,054 shares in the last quarter. Finally, Athos Capital Ltd increased its stake in shares of HUYA by 9.5% in the third quarter. Athos Capital Ltd now owns 127,346 shares of the company’s stock worth $649,000 after buying an additional 11,000 shares during the last quarter. 23.20% of the stock is owned by institutional investors and hedge funds.

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.