Yirendai Ltd. (NYSE:YRD) has received an average broker rating score of 2.67 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating, one has given a buy rating and one has given a strong buy rating to the company.

Brokerages have set a 12-month consensus target price of $38.50 for the company and are anticipating that the company will post $0.78 EPS for the current quarter, according to Zacks. Zacks has also given Yirendai an industry rank of 96 out of 265 based on the ratings given to related companies.

A number of analysts have recently commented on the company. ValuEngine cut Yirendai from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised Yirendai from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Friday, August 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $42.00 price target (up from $33.00) on shares of Yirendai in a research report on Tuesday, August 1st. They noted that the move was a valuation call.

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Shares of Yirendai (NYSE:YRD) traded up 1.42% during mid-day trading on Friday, hitting $40.01. The stock had a trading volume of 498,454 shares. The stock’s 50-day moving average price is $33.48 and its 200-day moving average price is $26.77. The firm has a market cap of $2.39 billion, a PE ratio of 12.00 and a beta of 8.56. Yirendai has a 52-week low of $18.80 and a 52-week high of $42.10.

Yirendai (NYSE:YRD) last issued its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.04. Yirendai had a return on equity of 80.79% and a net margin of 32.37%. The company had revenue of $773.79 million during the quarter, compared to the consensus estimate of $153.78 million. During the same period in the prior year, the firm earned $0.66 earnings per share. The business’s revenue for the quarter was up 343.4% compared to the same quarter last year. On average, analysts anticipate that Yirendai will post $2.93 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a $1.50 dividend. The ex-dividend date of this dividend is Thursday, September 28th.

Several hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in Yirendai by 4.2% in the second quarter. Principal Financial Group Inc. now owns 31,505 shares of the technology company’s stock valued at $788,000 after buying an additional 1,283 shares during the period. Bank of America Corp DE boosted its position in Yirendai by 24.5% in the first quarter. Bank of America Corp DE now owns 7,644 shares of the technology company’s stock valued at $192,000 after buying an additional 1,504 shares during the period. Global X Management Co. LLC boosted its position in Yirendai by 399.0% in the second quarter. Global X Management Co. LLC now owns 8,224 shares of the technology company’s stock valued at $206,000 after buying an additional 6,576 shares during the period. Sei Investments Co. acquired a new position in Yirendai during the first quarter valued at about $176,000. Finally, Koch Industries Inc. boosted its position in Yirendai by 74.7% in the first quarter. Koch Industries Inc. now owns 18,577 shares of the technology company’s stock valued at $466,000 after buying an additional 7,942 shares during the period. 6.08% of the stock is currently owned by hedge funds and other institutional investors.

About Yirendai

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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