Yirendai Ltd. (NYSE:YRD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “Yirendai Ltd. is involved in the online consumer finance business. Yirendai Ltd. is based in Beijing, China. “

Other equities analysts have also issued research reports about the company. ValuEngine lowered Yirendai from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 target price (up previously from $33.00) on shares of Yirendai in a research note on Tuesday, August 1st. They noted that the move was a valuation call.

Yirendai (YRD) opened at 45.25 on Thursday. Yirendai has a 52 week low of $19.85 and a 52 week high of $45.91. The company has a 50-day moving average of $41.93 and a 200-day moving average of $30.72. The company has a market cap of $2.71 billion, a PE ratio of 13.29 and a beta of 8.51.

Yirendai (NYSE:YRD) last posted its earnings results on Tuesday, August 1st. The technology company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.04). Yirendai had a net margin of 32.37% and a return on equity of 80.79%. The company had revenue of $773.79 million during the quarter, compared to analysts’ expectations of $153.78 million. During the same quarter last year, the firm earned $0.66 EPS. Yirendai’s revenue for the quarter was up 343.4% on a year-over-year basis. On average, equities analysts expect that Yirendai will post $2.93 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in YRD. Sei Investments Co. acquired a new stake in shares of Yirendai during the first quarter worth about $176,000. Bank of America Corp DE lifted its holdings in shares of Yirendai by 24.5% during the first quarter. Bank of America Corp DE now owns 7,644 shares of the technology company’s stock worth $192,000 after purchasing an additional 1,504 shares during the period. TIAA CREF Investment Management LLC acquired a new stake in shares of Yirendai during the second quarter worth about $204,000. Global X Management Co. LLC lifted its holdings in shares of Yirendai by 399.0% during the second quarter. Global X Management Co. LLC now owns 8,224 shares of the technology company’s stock worth $206,000 after purchasing an additional 6,576 shares during the period. Finally, Robertson Stephens Advisors LLC acquired a new stake in shares of Yirendai during the fourth quarter worth about $207,000. 6.87% of the stock is owned by hedge funds and other institutional investors.

Yirendai Company Profile

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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