CLSA initiated coverage on shares of HUYA (NYSE:HUYA) in a research report report published on Tuesday, MarketBeat.com reports. The firm issued an outperform rating and a $33.00 price target on the stock.
Several other equities analysts have also issued reports on the stock. Goldman Sachs Group began coverage on shares of HUYA in a report on Friday, August 3rd. They issued a neutral rating and a $34.00 price target for the company. 86 Research reissued a sell rating on shares of HUYA in a report on Monday, June 18th. Needham & Company LLC began coverage on shares of HUYA in a report on Wednesday, June 13th. They issued a buy rating and a $41.00 price target for the company. Finally, UBS Group began coverage on shares of HUYA in a report on Thursday, June 7th. They issued a neutral rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $36.00.
Shares of HUYA stock opened at $26.25 on Tuesday. HUYA has a 52 week low of $15.25 and a 52 week high of $50.82.
HUYA (NYSE:HUYA) last issued its earnings results on Monday, August 13th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of ($1.55) by $1.92. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $992.74 million. The company’s revenue for the quarter was up 125.0% on a year-over-year basis.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Perpetual Ltd acquired a new position in HUYA in the 2nd quarter worth $405,000. IFP Advisors Inc acquired a new position in HUYA in the 2nd quarter worth $901,000. Rovida Advisors Inc. acquired a new position in HUYA in the 2nd quarter worth $16,378,000. MYDA Advisors LLC acquired a new position in HUYA in the 2nd quarter worth $1,973,000. Finally, BKS Advisors LLC acquired a new position in HUYA in the 2nd quarter worth $230,000. 5.86% of the stock is owned by hedge funds and other institutional investors.
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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