Jiayin Group Inc. (NASDAQ:JFIN) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Shares of Jiayin Group Inc. (NASDAQ:JFIN) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus price target of $12.00 for the company and are forecasting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given Jiayin Group an industry rank of 141 out of 255 based on the ratings given to related companies.

Several equities analysts have recently issued reports on the company. Roth Capital assumed coverage on Jiayin Group in a research note on Tuesday, August 27th. They set a “buy” rating and a $17.00 price target on the stock. Zacks Investment Research upgraded Jiayin Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st.

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of Jiayin Group during the 3rd quarter worth approximately $242,000. Morgan Stanley bought a new stake in shares of Jiayin Group during the second quarter worth approximately $110,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Jiayin Group during the second quarter worth approximately $850,000. 0.12% of the stock is currently owned by institutional investors.

JFIN remained flat at $$7.65 during mid-day trading on Friday. The company’s stock had a trading volume of 21,969 shares, compared to its average volume of 25,878. The company’s 50 day simple moving average is $8.45. The firm has a market cap of $377.71 million and a P/E ratio of 17.39. Jiayin Group has a 52-week low of $6.63 and a 52-week high of $22.50.

Jiayin Group (NASDAQ:JFIN) last released its earnings results on Wednesday, September 4th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.12). The firm had revenue of $92.59 million during the quarter, compared to the consensus estimate of $109.50 million. On average, equities research analysts forecast that Jiayin Group will post 1.79 earnings per share for the current year.

Jiayin Group Company Profile

Jiayin Group Inc operates as an online individual finance marketplace that connects individual investors and individual borrowers in China. It operates a secure and open platform that facilitates transparent, secure, and fast connections between investors and borrowers. The company was founded in 2011 and is headquartered in Shanghai, China.

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