Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Receives $19.91 Consensus Price Target from Brokerages

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) has earned an average recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $19.91.

A number of research analysts have weighed in on QFIN shares. Bank of America restated a “neutral” rating and issued a $15.33 price objective on shares of Qfin in a report on Wednesday, May 27th. Zacks Research upgraded shares of Qfin from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Weiss Ratings downgraded shares of Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, July 13th.

Insider Buying and Selling at Qfin

In other news, Director Xiaohuan Chen bought 4,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were bought at an average cost of $14.41 per share, for a total transaction of $57,640.00. Following the acquisition, the director directly owned 19,000 shares of the company’s stock, valued at $273,790. This trade represents a 26.67% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 17.10% of the company’s stock.

Institutional Investors Weigh In On Qfin

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Qfin in the first quarter worth approximately $29,000. Parallel Advisors LLC lifted its stake in Qfin by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 3,373 shares of the company’s stock valued at $65,000 after acquiring an additional 656 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Qfin by 14.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the company’s stock valued at $108,000 after acquiring an additional 700 shares during the last quarter. DGS Capital Management LLC grew its position in Qfin by 8.8% in the first quarter. DGS Capital Management LLC now owns 10,906 shares of the company’s stock worth $141,000 after acquiring an additional 878 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ grew its position in Qfin by 5.4% in the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 19,600 shares of the company’s stock worth $378,000 after acquiring an additional 1,000 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qfin Price Performance

Shares of Qfin stock opened at $13.07 on Thursday. The firm has a market cap of $1.59 billion, a PE ratio of 2.39 and a beta of 0.57. Qfin has a twelve month low of $11.31 and a twelve month high of $42.77. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $14.38 and a 200 day moving average price of $14.71.

Qfin (NASDAQ:QFIN) last announced its earnings results on Friday, May 15th. The company reported $1.12 earnings per share (EPS) for the quarter. Qfin had a return on equity of 20.85% and a net margin of 27.48%.The firm had revenue of $567.01 million for the quarter. Sell-side analysts predict that Qfin will post 3.85 earnings per share for the current fiscal year.

Qfin Company Profile

360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.