Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Receives $19.91 Consensus Target Price from Analysts

Shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $16.3075.

Several brokerages have issued reports on QFIN. Bank of America restated a “neutral” rating and issued a $15.33 target price on shares of Qfin in a research note on Wednesday, May 27th. Weiss Ratings downgraded Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Zacks Research raised Qfin from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft set a $13.00 price objective on Qfin in a research note on Wednesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Qfin from $14.50 to $13.50 and set a “neutral” rating on the stock in a report on Tuesday.

Insider Activity

In other Qfin news, Director Xiaohuan Chen purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were bought at an average cost of $14.41 per share, for a total transaction of $57,640.00. Following the purchase, the director owned 19,000 shares of the company’s stock, valued at $273,790. This represents a 26.67% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 17.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Qfin

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Qfin during the 1st quarter valued at about $29,000. Parallel Advisors LLC raised its stake in Qfin by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 3,373 shares of the company’s stock worth $65,000 after buying an additional 656 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Qfin by 14.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the company’s stock worth $108,000 after buying an additional 700 shares during the period. DGS Capital Management LLC lifted its holdings in Qfin by 8.8% in the first quarter. DGS Capital Management LLC now owns 10,906 shares of the company’s stock worth $141,000 after buying an additional 878 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ boosted its position in Qfin by 5.4% during the 4th quarter. Lansforsakringar Fondforvaltning AB publ now owns 19,600 shares of the company’s stock valued at $378,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 74.81% of the company’s stock.

Qfin Trading Down 1.8%

NASDAQ:QFIN opened at $12.57 on Monday. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.53 billion, a PE ratio of 2.30 and a beta of 0.63. The firm’s 50 day moving average is $14.21 and its 200 day moving average is $14.18. Qfin has a 12 month low of $11.31 and a 12 month high of $34.95.

Qfin (NASDAQ:QFIN) last posted its quarterly earnings data on Friday, May 15th. The company reported $1.12 EPS for the quarter. Qfin had a return on equity of 20.85% and a net margin of 27.48%.The business had revenue of $567.01 million for the quarter. Sell-side analysts expect that Qfin will post 3.74 earnings per share for the current year.

About Qfin

360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.