Citigroup Lowers Yirendai (YRD) to Neutral

Citigroup cut shares of Yirendai (NYSE:YRD) from a buy rating to a neutral rating in a report issued on Monday, MarketBeat Ratings reports.

Other equities research analysts also recently issued reports about the stock. TheStreet upgraded shares of Yirendai from a d rating to a c- rating in a research note on Monday, August 20th. Needham & Company LLC downgraded shares of Yirendai from a buy rating to a hold rating in a research note on Wednesday, August 29th. Finally, Zacks Investment Research upgraded shares of Yirendai from a strong sell rating to a hold rating in a research note on Saturday, August 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $47.00.

YRD opened at $15.56 on Monday. Yirendai has a 1-year low of $12.39 and a 1-year high of $47.93. The company has a market capitalization of $1.08 billion, a PE ratio of 4.51 and a beta of 4.39.



Yirendai (NYSE:YRD) last posted its quarterly earnings results on Tuesday, August 28th. The technology company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). Yirendai had a net margin of 19.76% and a return on equity of 50.11%. The company had revenue of $229.60 million during the quarter, compared to analyst estimates of $231.19 million. During the same quarter in the previous year, the business posted $4.45 earnings per share.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in Yirendai in the 2nd quarter valued at approximately $210,000. Cubist Systematic Strategies LLC bought a new position in Yirendai in the 1st quarter valued at approximately $239,000. BB&T Securities LLC bought a new position in Yirendai in the 2nd quarter valued at approximately $295,000. Renaissance Technologies LLC bought a new position in Yirendai in the 2nd quarter valued at approximately $488,000. Finally, Millennium Management LLC bought a new position in Yirendai in the 1st quarter valued at approximately $524,000. Institutional investors and hedge funds own 9.69% 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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Analyst Recommendations for Yirendai (NYSE:YRD)

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