HUYA (HUYA) Coverage Initiated by Analysts at Citigroup

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Citigroup started coverage on shares of HUYA (NYSE:HUYA) in a research report released on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $26.00 price target on the stock.

A number of other analysts have also recently weighed in on the stock. CLSA initiated coverage on shares of HUYA in a report on Tuesday, September 4th. They set an outperform rating and a $33.00 price objective on the stock. Goldman Sachs Group initiated coverage on shares of HUYA in a report on Friday, August 3rd. They issued a neutral rating and a $34.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. HUYA currently has an average rating of Hold and a consensus price target of $33.50.

HUYA stock opened at $17.20 on Monday. HUYA has a twelve month low of $15.25 and a twelve month high of $50.82.

HUYA (NYSE:HUYA) last released its quarterly earnings data on Monday, August 13th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.55) by $1.92. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $992.74 million. HUYA’s quarterly revenue was up 125.0% compared to the same quarter last year.

Several institutional investors have recently made changes to their positions in HUYA. Sylebra HK Co Ltd acquired a new position in shares of HUYA in the 2nd quarter valued at $26,220,000. Waddell & Reed Financial Inc. acquired a new position in shares of HUYA in the 2nd quarter valued at $23,681,000. FMR LLC acquired a new position in shares of HUYA in the 2nd quarter valued at $19,362,000. Rovida Advisors Inc. acquired a new position in shares of HUYA in the 2nd quarter valued at $16,378,000. Finally, BlackRock Inc. acquired a new position in shares of HUYA in the 2nd quarter valued at $15,108,000. 5.86% of the stock is currently owned by institutional investors and hedge funds.

About HUYA

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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Analyst Recommendations for HUYA (NYSE:HUYA)

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