Shares of Yirendai Ltd – (NYSE:YRD) have earned a consensus broker rating score of 2.83 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating and two have assigned a buy rating to the company. Yirendai Ltd -‘s rating score has declined by 30.4% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Analysts have set a twelve-month consensus price target of $30.00 for the company and are predicting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Yirendai Ltd – an industry rank of 166 out of 265 based on the ratings given to related companies.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Yirendai Ltd – from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research note on Thursday, September 1st. Nomura cut shares of Yirendai Ltd – from a “neutral” rating to a “reduce” rating in a research report on Wednesday, August 10th. Finally, Needham & Company LLC lifted their target price on shares of Yirendai Ltd – from $14.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th.

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Shares of Yirendai Ltd – (NYSE:YRD) traded up 5.42% during trading on Friday, reaching $28.20. 640,871 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.65 billion and a PE ratio of 17.84. The company’s 50-day moving average price is $23.58 and its 200 day moving average price is $18.48. Yirendai Ltd – has a 52 week low of $3.35 and a 52 week high of $42.34.

Yirendai Ltd – (NYSE:YRD) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.10. The company earned $110.40 million during the quarter, compared to analyst estimates of $97.01 million. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Analysts predict that Yirendai Ltd – will post $1.69 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Yirendai Ltd – stock. Nepsis Capital Management Inc. bought a new position in Yirendai Ltd – (NYSE:YRD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 182,592 shares of the company’s stock, valued at approximately $4,324,000. Yirendai Ltd – makes up about 2.4% of Nepsis Capital Management Inc.’s portfolio, making the stock its 24th largest position. Nepsis Capital Management Inc. owned 0.31% of Yirendai Ltd – at the end of the most recent quarter.

About Yirendai Ltd –

Yirendai Ltd. is engaged in online consumer finance marketplace business in China. The Company conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co, Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co, Ltd.

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