Credit Suisse Group restated their neutral rating on shares of Yirendai (NYSE:YRD) in a report released on Wednesday, BenzingaRatingsTable reports. Credit Suisse Group currently has a $6.92 price target on the technology company’s stock.

YRD has been the subject of a number of other reports. Citigroup downgraded Yirendai from a neutral rating to a sell rating and lowered their price objective for the stock from $13.90 to $6.10 in a research report on Thursday, October 3rd. ValuEngine upgraded Yirendai from a strong sell rating to a sell rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded Yirendai from a buy rating to a hold rating in a research report on Sunday, September 8th. Finally, Macquarie downgraded Yirendai from a neutral rating to an underperform rating and set a $6.00 price objective for the company. in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Yirendai currently has an average rating of Sell and a consensus price target of $8.51.

Shares of YRD traded up $0.10 during mid-day trading on Wednesday, reaching $6.60. 1,421 shares of the company were exchanged, compared to its average volume of 180,888. Yirendai has a 52 week low of $6.04 and a 52 week high of $18.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.84 and a current ratio of 3.84. The stock has a market capitalization of $398.91 million, a PE ratio of 1.47 and a beta of 2.69. The business has a 50 day simple moving average of $8.52 and a two-hundred day simple moving average of $12.44.

Yirendai (NYSE:YRD) last issued its quarterly earnings data on Tuesday, September 3rd. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.24). Yirendai had a return on equity of 32.93% and a net margin of 15.30%. The company had revenue of $322.89 million for the quarter. On average, analysts predict that Yirendai will post 2.04 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group acquired a new stake in Yirendai during the second quarter worth approximately $662,000. Royal Bank of Canada grew its stake in Yirendai by 417.7% during the second quarter. Royal Bank of Canada now owns 47,243 shares of the technology company’s stock worth $650,000 after purchasing an additional 38,118 shares during the period. BlackRock Inc. grew its stake in Yirendai by 17.3% during the second quarter. BlackRock Inc. now owns 242,583 shares of the technology company’s stock worth $3,337,000 after purchasing an additional 35,716 shares during the period. Davis Selected Advisers grew its stake in Yirendai by 0.5% during the second quarter. Davis Selected Advisers now owns 2,692,098 shares of the technology company’s stock worth $37,043,000 after purchasing an additional 12,859 shares during the period. Finally, Northern Trust Corp grew its stake in Yirendai by 17.1% during the second quarter. Northern Trust Corp now owns 15,239 shares of the technology company’s stock worth $210,000 after purchasing an additional 2,228 shares during the period. 10.61% of the stock is owned by institutional investors and hedge funds.

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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