Jiayin Group (NASDAQ:JFIN) Stock Rating Lowered by Wall Street Zen

Jiayin Group (NASDAQ:JFIN) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Weiss Ratings downgraded shares of Jiayin Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Jiayin Group Price Performance

Shares of Jiayin Group stock opened at $7.23 on Friday. The stock has a market cap of $385.60 million, a price-to-earnings ratio of 1.60 and a beta of 0.80. The firm’s 50-day moving average is $9.52 and its two-hundred day moving average is $12.77. Jiayin Group has a 1 year low of $5.78 and a 1 year high of $19.23.

Jiayin Group (NASDAQ:JFIN) last posted its earnings results on Tuesday, November 25th. The company reported $1.04 EPS for the quarter. Jiayin Group had a net margin of 26.18% and a return on equity of 45.63%. The business had revenue of $206.52 million for the quarter.

Hedge Funds Weigh In On Jiayin Group

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP acquired a new stake in shares of Jiayin Group in the 3rd quarter worth $520,000. Nomura Holdings Inc. purchased a new stake in Jiayin Group in the first quarter valued at about $638,000. GSA Capital Partners LLP purchased a new stake in Jiayin Group in the third quarter valued at about $387,000. Boston Partners acquired a new stake in Jiayin Group in the third quarter worth about $378,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Jiayin Group during the second quarter worth about $340,000. 44.08% of the stock is owned by institutional investors and hedge funds.

About Jiayin Group

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.