Jiayin Group (NASDAQ:JFIN) PT Raised to $10.40 at Roth Capital

Jiayin Group (NASDAQ:JFIN) had its target price boosted by Roth Capital from $9.25 to $10.40 in a report issued on Tuesday morning, The Fly reports. They currently have a buy rating on the stock.

Separately, Zacks Investment Research raised shares of Jiayin Group from a hold rating to a buy rating and set a $6.25 price objective for the company in a report on Friday, April 16th.

JFIN opened at $6.25 on Tuesday. The firm’s fifty day moving average price is $6.29. The stock has a market cap of $334.38 million, a price-to-earnings ratio of 8.93 and a beta of 1.16. Jiayin Group has a one year low of $2.47 and a one year high of $14.95.

Jiayin Group (NASDAQ:JFIN) last posted its quarterly earnings data on Sunday, June 6th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.37. Jiayin Group had a net margin of 23.09% and a negative return on equity of 56.44%. As a group, equities research analysts predict that Jiayin Group will post 0.82 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in shares of Jiayin Group during the 4th quarter worth $294,000. Jane Street Group LLC bought a new stake in Jiayin Group in the first quarter worth $467,000. Millennium Management LLC lifted its stake in Jiayin Group by 97.9% in the first quarter. Millennium Management LLC now owns 42,572 shares of the company’s stock worth $351,000 after purchasing an additional 21,065 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in Jiayin Group in the fourth quarter worth $1,052,000. Finally, Virtu Financial LLC bought a new stake in Jiayin Group in the fourth quarter worth $112,000.

Jiayin Group Company Profile

Jiayin Group Inc operates as an online individual finance platform 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 based in Shanghai, the People's Republic of China.

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