Brokerages Set Yirendai Ltd – (NYSE:YRD) Target Price at $4.90

Shares of Yirendai Ltd – (NYSE:YRD) have received an average recommendation of “Sell” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation and one has given a hold recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $4.90.

Several equities research analysts recently commented on YRD shares. ValuEngine upgraded shares of Yirendai from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 1st. TheStreet lowered shares of Yirendai from a “c-” rating to a “d+” rating in a research report on Thursday, September 17th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. acquired a new stake in Yirendai during the 2nd quarter worth approximately $117,000. Davis Selected Advisers increased its position in Yirendai by 6.5% during the 2nd quarter. Davis Selected Advisers now owns 2,521,192 shares of the technology company’s stock worth $10,413,000 after purchasing an additional 153,055 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in Yirendai during the 2nd quarter worth approximately $61,000. Envestnet Asset Management Inc. increased its position in Yirendai by 7.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 50,053 shares of the technology company’s stock worth $207,000 after purchasing an additional 3,488 shares in the last quarter. Finally, APG Asset Management N.V. acquired a new stake in Yirendai in the first quarter valued at approximately $1,587,000. 4.92% of the stock is owned by institutional investors.

NYSE:YRD opened at $3.08 on Friday. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Yirendai has a fifty-two week low of $2.70 and a fifty-two week high of $7.50. The stock has a market cap of $285.09 million, a PE ratio of 4.81 and a beta of 1.34. The firm’s fifty day simple moving average is $3.17 and its 200-day simple moving average is $3.71.

Yirendai (NYSE:YRD) last released its quarterly earnings data on Thursday, August 27th. The technology company reported ($0.35) EPS for the quarter. Yirendai had a return on equity of 10.44% and a net margin of 6.80%. The business had revenue of $106.82 million during the quarter.

Yirendai Company Profile

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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