HUYA (NYSE:HUYA) Reaches New 1-Year Low – Should You Sell?

HUYA Inc. (NYSE:HUYA) reached a new 52-week low on Friday . The stock traded as low as $2.88 and last traded at $2.89, with a volume of 1326795 shares. The stock had previously closed at $3.02.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HUYA shares. HSBC reaffirmed a “hold” rating and issued a $4.70 price target on shares of HUYA in a report on Friday, October 11th. Citigroup cut their price target on HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Bank of America lowered shares of 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. Finally, Hsbc Global Res cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.68.

HUYA Trading Down 5.0 %

The company has a market capitalization of $649.69 million, a P/E ratio of -31.89 and a beta of 0.62. The company has a 50 day moving average price of $3.12 and a 200 day moving average price of $3.87.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HUYA. FMR LLC grew its position in shares of HUYA by 236.8% in the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after buying an additional 1,681,800 shares during the last quarter. Millennium Management LLC bought a new stake in HUYA during the 2nd quarter valued at $5,197,000. Dimensional Fund Advisors LP raised its holdings in HUYA by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,066,613 shares of the company’s stock worth $4,209,000 after buying an additional 21,338 shares during the last quarter. Marshall Wace LLP lifted its position in HUYA by 177.6% in the 2nd quarter. Marshall Wace LLP now owns 784,081 shares of the company’s stock valued at $3,097,000 after acquiring an additional 501,681 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of HUYA in the second quarter valued at approximately $2,052,000. 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.