Jiayin Group (NASDAQ:JFIN) Downgraded by Wall Street Zen to Hold

Wall Street Zen lowered shares of Jiayin Group (NASDAQ:JFIN) from a strong-buy rating to a hold rating in a research note published on Friday morning.

Separately, Weiss Ratings cut Jiayin Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Jiayin Group currently has a consensus rating of “Hold”.

Jiayin Group Trading Up 0.3%

NASDAQ JFIN opened at $7.23 on Friday. The firm’s 50 day simple moving average is $9.52 and its 200 day simple moving average is $12.77. The firm has a market capitalization of $385.60 million, a price-to-earnings ratio of 1.60 and a beta of 0.80. Jiayin Group has a 1 year low of $5.78 and a 1 year high of $19.23.

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

Hedge Funds Weigh In On Jiayin Group

A number of hedge funds have recently modified their holdings of JFIN. Raymond James Financial Inc. acquired a new stake in Jiayin Group in the second quarter valued at $63,000. Allworth Financial LP increased its stake in shares of Jiayin Group by 14,985.7% in the second quarter. Allworth Financial LP now owns 4,224 shares of the company’s stock valued at $68,000 after buying an additional 4,196 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Jiayin Group during the third quarter worth about $70,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Jiayin Group during the second quarter worth about $100,000. Finally, Invesco Ltd. acquired a new position in shares of Jiayin Group in the first quarter worth approximately $168,000. Institutional investors and hedge funds own 44.08% of the company’s stock.

Jiayin Group Company Profile

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.