Shares of Yirendai Ltd – (NYSE:YRD) have been given a consensus rating of “Hold” by the seven research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company.

Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of Yirendai from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Citigroup lowered shares of Yirendai from a “buy” rating to a “neutral” rating in a research report on Monday, October 29th.

NYSE:YRD opened at $11.83 on Friday. Yirendai has a fifty-two week low of $9.61 and a fifty-two week high of $44.67. The firm has a market cap of $693.48 million, a PE ratio of 3.43 and a beta of 3.91.

Yirendai (NYSE:YRD) last posted its quarterly earnings results on Monday, November 12th. The technology company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.17). Yirendai had a return on equity of 40.40% and a net margin of 18.56%. The company had revenue of $163.20 million for the quarter, compared to analyst estimates of $179.48 million. During the same period last year, the company earned $0.74 earnings per share. The business’s revenue for the quarter was down 28.3% compared to the same quarter last year. Research analysts predict that Yirendai will post 1.98 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the stock. River & Mercantile Asset Management LLP boosted its position in shares of Yirendai by 8.0% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 94,085 shares of the technology company’s stock worth $1,734,000 after buying an additional 6,985 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Yirendai in the 2nd quarter worth about $210,000. Morgan Stanley boosted its position in shares of Yirendai by 14.0% in the 3rd quarter. Morgan Stanley now owns 105,852 shares of the technology company’s stock worth $1,948,000 after buying an additional 13,015 shares in the last quarter. Rehmann Capital Advisory Group purchased a new stake in shares of Yirendai in the 3rd quarter worth about $245,000. Finally, BB&T Securities LLC purchased a new position in Yirendai in the 2nd quarter valued at about $295,000. Institutional investors and hedge funds own 11.26% of the company’s stock.

About Yirendai

Yirendai Ltd. operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. It offers standard loan products; and fasttrack loan products through mobile applications. The company also provides investing tools. The company was founded in 2012 and is based in Beijing, the People's Republic of China.

Read More: What is the NASDAQ?

Receive News & Ratings for Yirendai Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yirendai and related companies with MarketBeat.com's FREE daily email newsletter.