360 Finance (QFIN) Research Coverage Started at Citigroup

Citigroup initiated coverage on shares of 360 Finance (NASDAQ:QFIN) in a research note issued to investors on Tuesday morning, The Fly reports. The firm issued a buy rating and a $29.00 target price on the stock.

360 Finance stock opened at $19.80 on Tuesday. 360 Finance has a 12-month low of $9.90 and a 12-month high of $24.45.

360 Finance (NASDAQ:QFIN) last released its earnings results on Tuesday, March 19th. The company reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $227.83 million during the quarter.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citigroup Inc. bought a new stake in 360 Finance during the 4th quarter valued at about $112,000. Millennium Management LLC bought a new stake in 360 Finance during the 4th quarter valued at about $659,000. Finally, FMR LLC bought a new stake in 360 Finance during the 4th quarter valued at about $15,797,000. Institutional investors own 0.80% of the company’s stock.

360 Finance Company Profile

360 Finance, Inc operates a digital consumer finance platform in China. Its platform provides online consumer finance products to prime and underserved borrowers. The company was founded in 2016 and is headquartered in Shanghai, China.

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