Zacks Investment Research upgraded shares of HUYA (NYSE:HUYA) from a hold rating to a buy rating in a research report report published on Friday morning, Zacks.com reports. They currently have $25.00 price target on the stock.

According to Zacks, “HUYA Inc. provides online services. The Company offers interactive video broadcast service which includes e-sports, music, reality show and more. HUYA Inc.is based in Guangzhou, China. “

Several other brokerages have also recently commented on HUYA. Jefferies Financial Group began coverage on HUYA in a research note on Monday, August 5th. They issued a buy rating and a $26.80 price target for the company. TheStreet cut HUYA from a c- rating to a d+ rating in a research note on Tuesday, November 12th. HSBC began coverage on HUYA in a research note on Monday, September 16th. They issued a buy rating for the company. Finally, ValuEngine cut HUYA from a buy rating to a hold rating in a research note on Tuesday, September 17th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. HUYA currently has a consensus rating of Buy and an average price target of $27.49.

NYSE:HUYA opened at $22.98 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.66 and a quick ratio of 4.83. HUYA has a fifty-two week low of $14.44 and a fifty-two week high of $30.00. The stock’s 50-day moving average is $22.87 and its two-hundred day moving average is $23.11. The stock has a market cap of $4.89 billion, a PE ratio of 229.80 and a beta of 1.95.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, November 12th. The company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.81. HUYA had a return on equity of 5.88% and a net margin of 5.50%. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the business posted $0.55 EPS. The business’s revenue for the quarter was up 77.4% on a year-over-year basis. On average, equities research analysts anticipate that HUYA will post 0.27 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of HUYA by 83.6% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,080 shares of the company’s stock valued at $52,000 after buying an additional 947 shares in the last quarter. Bank of Montreal Can boosted its position in HUYA by 24.1% during the second quarter. Bank of Montreal Can now owns 8,132 shares of the company’s stock worth $201,000 after purchasing an additional 1,578 shares during the period. Segantii Capital Management Ltd boosted its position in HUYA by 16.7% during the second quarter. Segantii Capital Management Ltd now owns 12,082 shares of the company’s stock worth $299,000 after purchasing an additional 1,726 shares during the period. TB Alternative Assets Ltd. bought a new stake in HUYA during the third quarter worth approximately $340,000. Finally, NumerixS Investment Technologies Inc bought a new stake in HUYA during the second quarter worth approximately $361,000. 21.10% of the stock is owned by institutional investors and hedge funds.

HUYA Company Profile

HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.

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