Yirendai (NYSE:YRD) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Tuesday, ValuEngine reports.

Other research analysts have also recently issued reports about the stock. Credit Suisse Group reissued a “neutral” rating and set a $6.92 target price on shares of Yirendai in a research report on Wednesday, October 9th. Zacks Investment Research lowered shares of Yirendai from a “buy” rating to a “hold” rating in a research note on Sunday, September 8th. Citigroup lowered shares of Yirendai from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $13.90 to $6.10 in a research note on Thursday, October 3rd. Finally, Macquarie lowered shares of Yirendai from a “neutral” rating to an “underperform” rating and set a $6.00 price target for the company. in a research note on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Yirendai has a consensus rating of “Hold” and an average target price of $8.51.

NYSE YRD opened at $4.78 on Tuesday. The company’s fifty day simple moving average is $6.24 and its 200-day simple moving average is $10.20. Yirendai has a 52 week low of $4.75 and a 52 week high of $17.77. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.11. The stock has a market cap of $318.88 million, a P/E ratio of 1.07 and a beta of 2.54.

Yirendai (NYSE:YRD) last posted its earnings results on Thursday, November 14th. The technology company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.14). Yirendai had a return on equity of 39.87% and a net margin of 14.45%. The firm had revenue of $287.70 million for the quarter, compared to analyst estimates of $259.41 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was up 76.3% on a year-over-year basis.

Large investors have recently modified their holdings of the stock. Squarepoint Ops LLC bought a new stake in shares of Yirendai in the third quarter worth $125,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Yirendai in the second quarter worth $143,000. Aperio Group LLC bought a new stake in shares of Yirendai in the second quarter worth $158,000. Northern Trust Corp increased its stake in shares of Yirendai by 17.1% in the second quarter. Northern Trust Corp now owns 15,239 shares of the technology company’s stock worth $210,000 after buying an additional 2,228 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Yirendai by 7.4% in the third quarter. State Street Corp now owns 46,127 shares of the technology company’s stock worth $324,000 after buying an additional 3,176 shares during the last quarter. Institutional investors and hedge funds own 8.69% of the company’s stock.

About Yirendai

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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