Jiayin Group (NASDAQ:JFIN) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Jiayin Group (NASDAQ:JFIN) from a hold rating to a strong sell rating in a research report released on Thursday, Zacks.com reports.

According to Zacks, “Jiayin Group Inc. provides online individual finance services. The Company’s loan facilitation service mainly matches investors and borrowers. Jiayin Group Inc. is based in Shanghai, China. “

Separately, Roth Capital began coverage on Jiayin Group in a report on Tuesday, August 27th. They set a buy rating and a $17.00 price target on the stock.

JFIN stock opened at $6.83 on Thursday. The company has a 50 day simple moving average of $8.20. Jiayin Group has a 12-month low of $6.63 and a 12-month high of $22.50.

Jiayin Group (NASDAQ:JFIN) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.05). The business had revenue of $71.46 million during the quarter, compared to analyst estimates of $87.00 million. On average, equities analysts anticipate that Jiayin Group will post 1.45 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of JFIN. Virtu Financial LLC bought a new position in Jiayin Group during the 3rd quarter valued at about $242,000. Morgan Stanley bought a new stake in shares of Jiayin Group in the second quarter worth approximately $110,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Jiayin Group during the second quarter valued at approximately $850,000. 0.12% of the stock is owned by institutional investors and hedge funds.

About Jiayin Group

Jiayin Group Inc operates as an online individual finance marketplace that connects individual investors and individual borrowers in China. It operates a secure and open platform that facilitates transparent, secure, and fast connections between investors and borrowers. The company was founded in 2011 and is headquartered in Shanghai, China.

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