Yirendai (NYSE:YRD) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a research note issued on Monday.

Several other equities analysts have also recently commented on YRD. ValuEngine cut shares of Yirendai from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of Yirendai from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Wednesday, August 23rd. Macquarie assumed coverage on shares of Yirendai in a research note on Tuesday, November 14th. They set an “outperform” rating and a $60.00 price objective for the company. Finally, Needham & Company LLC boosted their price objective on shares of Yirendai from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $52.00.

Shares of Yirendai (NYSE YRD) opened at $42.25 on Monday. Yirendai has a 12-month low of $19.85 and a 12-month high of $53.50. The stock has a market cap of $2,473.30, a P/E ratio of 13.14 and a beta of 7.82.

Yirendai (NYSE:YRD) last issued its quarterly earnings data on Tuesday, November 14th. The technology company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.04). The firm had revenue of $227.50 million for the quarter, compared to analysts’ expectations of $201.27 million. Yirendai had a net margin of 27.09% and a return on equity of 70.10%. Yirendai’s revenue was up 73.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. equities analysts anticipate that Yirendai will post 3.1 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in Yirendai by 4.2% during the second quarter. Principal Financial Group Inc. now owns 31,505 shares of the technology company’s stock valued at $788,000 after acquiring an additional 1,283 shares in the last quarter. Bank of America Corp DE grew its stake in Yirendai by 24.5% in the 1st quarter. Bank of America Corp DE now owns 7,644 shares of the technology company’s stock worth $192,000 after buying an additional 1,504 shares in the last quarter. Navellier & Associates Inc grew its stake in Yirendai by 11.5% in the 2nd quarter. Navellier & Associates Inc now owns 18,048 shares of the technology company’s stock worth $451,000 after buying an additional 1,861 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Yirendai by 4.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 76,242 shares of the technology company’s stock worth $3,198,000 after buying an additional 3,023 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Yirendai by 2,216.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,173 shares of the technology company’s stock worth $137,000 after buying an additional 3,036 shares in the last quarter. 8.76% of the stock is owned by institutional investors.

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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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