HUYA (NYSE:HUYA) Upgraded by Goldman Sachs Group to Buy

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HUYA (NYSE:HUYA) was upgraded by research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Thursday, The Fly reports. The firm presently has a $21.00 price objective on the stock, down from their prior price objective of $22.00. Goldman Sachs Group’s target price would indicate a potential upside of 25.52% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Morgan Stanley downgraded HUYA from an “overweight” rating to an “equal” rating and decreased their price target for the stock from $28.00 to $23.00 in a research note on Monday, December 2nd. China Renaissance Securities upgraded HUYA from a “hold” rating to a “buy” rating in a research note on Friday, March 20th. Citigroup upgraded HUYA from a “hold” rating to a “buy” rating and decreased their price target for the stock from $24.00 to $17.00 in a research note on Friday, March 20th. They noted that the move was a valuation call. ValuEngine upgraded HUYA from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Needham & Company LLC began coverage on HUYA in a research note on Thursday, December 12th. They issued a “buy” rating and a $24.00 target price for the company. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $24.31.

NYSE:HUYA traded up $1.75 during mid-day trading on Thursday, reaching $16.73. The stock had a trading volume of 164,704 shares, compared to its average volume of 3,495,105. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 57.69 and a beta of 1.19. HUYA has a 1-year low of $11.78 and a 1-year high of $29.45. The stock’s 50 day simple moving average is $18.28 and its two-hundred day simple moving average is $20.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.33 and a quick ratio of 4.66.

HUYA (NYSE:HUYA) last posted its quarterly earnings results on Monday, March 16th. The company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.94. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.40 billion. HUYA had a return on equity of 6.03% and a net margin of 5.58%. The company’s revenue for the quarter was up 64.0% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. Sell-side analysts anticipate that HUYA will post 0.55 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Capital World Investors boosted its stake in HUYA by 1.4% in the fourth quarter. Capital World Investors now owns 7,486,725 shares of the company’s stock valued at $134,387,000 after acquiring an additional 105,672 shares during the period. Renaissance Technologies LLC raised its holdings in shares of HUYA by 40.1% during the fourth quarter. Renaissance Technologies LLC now owns 5,172,500 shares of the company’s stock valued at $92,846,000 after buying an additional 1,479,700 shares during the last quarter. Sylebra Capital Ltd raised its holdings in shares of HUYA by 8.7% during the third quarter. Sylebra Capital Ltd now owns 3,172,039 shares of the company’s stock valued at $74,987,000 after buying an additional 253,070 shares during the last quarter. Capital International Investors raised its holdings in shares of HUYA by 3.4% during the fourth quarter. Capital International Investors now owns 2,933,166 shares of the company’s stock valued at $52,650,000 after buying an additional 96,893 shares during the last quarter. Finally, Capital International Inc. CA raised its holdings in shares of HUYA by 6.8% during the fourth quarter. Capital International Inc. CA now owns 1,857,936 shares of the company’s stock valued at $33,350,000 after buying an additional 118,341 shares during the last quarter. Institutional investors own 27.19% of the company’s stock.

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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