According to Zacks, “Yirendai Ltd. is involved in the online consumer finance business. Yirendai Ltd. is based in Beijing, China. “
Other equities research analysts have also issued research reports about the company. Macquarie lowered Yirendai from an outperform rating to a neutral rating in a research note on Thursday, March 21st. ValuEngine lowered Yirendai from a sell rating to a strong sell rating in a research note on Wednesday, January 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. Yirendai has an average rating of Hold and a consensus target price of $25.00.
Shares of YRD stock opened at $15.42 on Friday. Yirendai has a fifty-two week low of $9.61 and a fifty-two week high of $37.40. The stock has a market cap of $908.84 million, a PE ratio of 3.44 and a beta of 3.49.
Yirendai (NYSE:YRD) last issued its quarterly earnings results on Monday, March 25th. The technology company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.81. Yirendai had a return on equity of 38.20% and a net margin of 18.18%. The business had revenue of $184.80 million for the quarter, compared to analyst estimates of $185.27 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The company’s revenue was down 34.1% on a year-over-year basis.
Several hedge funds have recently modified their holdings of the company. Segantii Capital Management Ltd purchased a new stake in Yirendai in the first quarter valued at approximately $32,000. Northern Trust Corp purchased a new stake in Yirendai in the fourth quarter valued at approximately $137,000. Rehmann Capital Advisory Group purchased a new stake in Yirendai in the third quarter valued at approximately $245,000. Virtu Financial LLC purchased a new stake in Yirendai in the fourth quarter valued at approximately $160,000. Finally, Barclays PLC boosted its position in Yirendai by 782.1% in the fourth quarter. Barclays PLC now owns 33,309 shares of the technology company’s stock valued at $358,000 after buying an additional 29,533 shares during the last quarter. Institutional investors and hedge funds own 10.97% of the company’s stock.
Yirendai Ltd. operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. It offers standard loan products; and fasttrack loan products through mobile applications. The company also provides investing tools. The company was founded in 2012 and is based in Beijing, the People's Republic of China.
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