TheStreet upgraded shares of Yirendai (NYSE:YRD) from a c rating to a b- rating in a research report released on Monday, December 18th.
YRD has been the topic of a number of other research reports. Zacks Investment Research cut shares of Yirendai from a buy rating to a hold rating in a report on Friday, December 8th. Needham & Company LLC increased their price target on shares of Yirendai from $42.00 to $50.00 and gave the company a buy rating in a report on Wednesday, November 15th. Citigroup assumed coverage on shares of Yirendai in a report on Tuesday, November 14th. They issued a buy rating on the stock. Macquarie began coverage on shares of Yirendai in a report on Tuesday, November 14th. They issued an outperform rating and a $60.00 target price on the stock. Finally, ValuEngine cut shares of Yirendai from a strong-buy rating to a buy rating in a research note on Tuesday, October 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $52.00.
Shares of Yirendai (YRD) traded down $1.35 during trading hours on Monday, hitting $40.00. 398,529 shares of the stock traded hands, compared to its average volume of 505,794. Yirendai has a 52-week low of $19.85 and a 52-week high of $53.50. The company has a market capitalization of $2,390.00 and a P/E ratio of 12.12.
Yirendai (NYSE:YRD) last released its quarterly earnings results on Tuesday, November 14th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.04). Yirendai had a return on equity of 70.10% and a net margin of 27.09%. The company had revenue of $227.50 million during the quarter, compared to the consensus estimate of $201.27 million. During the same period in the previous year, the company earned $0.85 earnings per share. Yirendai’s quarterly revenue was up 73.0% on a year-over-year basis. equities research analysts forecast that Yirendai will post 3.1 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC bought a new stake in Yirendai in the 2nd quarter valued at $300,000. Prudential Financial Inc. purchased a new position in shares of Yirendai in the 2nd quarter worth $555,000. Victory Capital Management Inc. purchased a new position in shares of Yirendai in the 3rd quarter worth $3,845,000. Cavalier Investments LLC grew its stake in shares of Yirendai by 68.7% in the 3rd quarter. Cavalier Investments LLC now owns 22,600 shares of the technology company’s stock worth $948,000 after buying an additional 9,200 shares in the last quarter. Finally, AMP Capital Investors Ltd purchased a new position in shares of Yirendai in the 3rd quarter worth $990,000. Institutional investors own 8.76% of the company’s stock.
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Yirendai Company Profile
Yirendai Ltd. is engaged in online consumer finance marketplace business in China. The Company conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co, Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co, Ltd.
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