Zacks: 360 Finance Inc (NASDAQ:QFIN) Given Consensus Recommendation of “Strong Buy” by Brokerages

360 Finance Inc (NASDAQ:QFIN) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price objective of $29.00 for the company, according to Zacks. Zacks has also given 360 Finance an industry rank of 148 out of 256 based on the ratings given to its competitors.

A number of research firms have recently issued reports on QFIN. China Renaissance Securities began coverage on 360 Finance in a research report on Tuesday, May 14th. They set a “buy” rating and a $29.00 price objective on the stock. Citigroup began coverage on 360 Finance in a research report on Tuesday, May 14th. They set a “buy” rating and a $29.00 price objective on the stock.



Shares of QFIN traded down $0.69 on Friday, reaching $9.91. 4,197 shares of the stock traded hands, compared to its average volume of 228,651. 360 Finance has a 12 month low of $9.52 and a 12 month high of $24.45. The stock’s 50-day moving average price is $10.80 and its 200-day moving average price is $14.83.

360 Finance (NASDAQ:QFIN) last released its quarterly earnings data on Monday, May 20th. The company reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $299.35 million for the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Maven Securities LTD acquired a new stake in 360 Finance in the 2nd quarter valued at $113,000. Laurion Capital Management LP acquired a new stake in 360 Finance in the 2nd quarter valued at $118,000. GSA Capital Partners LLP acquired a new stake in 360 Finance in the 2nd quarter valued at $127,000. BlackRock Inc. acquired a new stake in 360 Finance in the 2nd quarter valued at $326,000. Finally, Monashee Investment Management LLC acquired a new stake in 360 Finance in the 2nd quarter valued at $588,000. Institutional investors and hedge funds own 9.14% of the company’s stock.

About 360 Finance

360 Finance, Inc operates a digital consumer finance platform in China. Its platform provides online consumer finance products to prime and underserved borrowers. The company was founded in 2016 and is headquartered in Shanghai, China.

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