Zacks: Jiayin Group Inc. (NASDAQ:JFIN) Receives Average Rating of “Hold” from Brokerages

Jiayin Group Inc. (NASDAQ:JFIN) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation. Jiayin Group’s rating score has declined by 200% from three months ago as a result of various analysts’ ratings changes.

Brokers have set a 1 year consensus target price of $2.50 for the company and are expecting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Jiayin Group an industry rank of 33 out of 254 based on the ratings given to related companies.

Several equities analysts have weighed in on the stock. Roth Capital cut shares of Jiayin Group from a “buy” rating to a “neutral” rating and set a $2.40 price objective on the stock. in a research report on Thursday, April 2nd. ValuEngine upgraded shares of Jiayin Group from a “strong sell” rating to a “sell” rating in a research report on Monday, May 11th. Finally, Zacks Investment Research cut shares of Jiayin Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th.

Shares of NASDAQ JFIN remained flat at $$2.05 during trading on Friday. The company’s stock had a trading volume of 3,430 shares, compared to its average volume of 10,934. The company has a market cap of $109.68 million and a P/E ratio of 1.35. Jiayin Group has a 52 week low of $1.60 and a 52 week high of $19.49. The firm has a 50 day moving average of $2.27 and a 200-day moving average of $4.15.

Jiayin Group (NASDAQ:JFIN) last posted its quarterly earnings results on Wednesday, April 1st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The company had revenue of $50.63 million for the quarter. Jiayin Group had a negative return on equity of 55.14% and a net margin of 23.85%. As a group, analysts anticipate that Jiayin Group will post 0.8 earnings per share for the current year.

A hedge fund recently bought a new stake in Jiayin Group stock. JPMorgan Chase & Co. acquired a new position in Jiayin Group Inc. (NASDAQ:JFIN) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,020 shares of the company’s stock, valued at approximately $52,000. Hedge funds and other institutional investors own 0.33% of the company’s stock.

Jiayin Group Company Profile

Jiayin Group Inc operates as an online individual finance marketplace that connects individual investors and individual borrowers in China. It operates a secure and open platform that facilitates transparent, secure, and fast connections between investors and borrowers. The company was founded in 2011 and is headquartered in Shanghai, China.

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