Should I buy or sell Qifu Technology stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Qifu Technology in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" QFIN shares. View QFIN analyst ratings or view top-rated stocks .

What is Qifu Technology's stock price target for 2024?

3 analysts have issued 12-month price targets for Qifu Technology's shares. Their QFIN share price targets range from $23.80 to $25.90. On average, they expect the company's stock price to reach $24.73 in the next twelve months. This suggests a possible upside of 37.3% from the stock's current price. View analysts price targets for QFIN or view top-rated stocks among Wall Street analysts .

How have QFIN shares performed in 2024?

Qifu Technology's stock was trading at $15.82 at the beginning of the year. Since then, QFIN shares have increased by 13.9% and is now trading at $18.02. View the best growth stocks for 2024 here .

Are investors shorting Qifu Technology?

Qifu Technology saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 3,750,000 shares, a decrease of 17.0% from the March 15th total of 4,520,000 shares. Based on an average daily volume of 1,140,000 shares, the days-to-cover ratio is presently 3.3 days. View Qifu Technology's Short Interest .

When is Qifu Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024. View our QFIN earnings forecast .

How were Qifu Technology's earnings last quarter?

Qifu Technology, Inc. (NASDAQ:QFIN) announced its quarterly earnings data on Tuesday, March, 12th. The company reported $0.96 earnings per share for the quarter, hitting analysts' consensus estimates of $0.96. The firm had revenue of $633.18 million for the quarter, compared to the consensus estimate of $597.09 million. Qifu Technology had a net margin of 26.29% and a trailing twelve-month return on equity of 20.44%.

How often does Qifu Technology pay dividends? What is the dividend yield for Qifu Technology?

Qifu Technology declared a semi-annual dividend on Wednesday, March 13th. Shareholders of record on Monday, April 15th will be given a dividend of $0.57 per share on Friday, May 24th. This represents a yield of 5.7%. The ex-dividend date is Friday, April 12th. This is a boost from the stock's previous semi-annual dividend of $0.50. Read our dividend analysis for QFIN .

Is Qifu Technology a good dividend stock?

Qifu Technology (NASDAQ:QFIN) pays an annual dividend of $1.14 per share and currently has a dividend yield of 6.33%. QFIN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QFIN will have a dividend payout ratio of 22.89% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for QFIN .

What ETFs hold Qifu Technology's stock?

ETFs with the largest weight of Qifu Technology (NASDAQ:QFIN) stock in their portfolio include Amplify Emerging Markets FinTech ETF (EMFQ) , KraneShares CSI China Internet ETF (KWEB) , Invesco Golden Dragon China ETF (PGJ) , iShares MSCI China Multisector Tech ETF (TCHI) and Global X MSCI China Financials ETF (CHIX) . Emerging Markets Internet & Ecommerce ETF (EMQQ) .

What other stocks do shareholders of Qifu Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Qifu Technology investors own include Bank of America (BAC) , Gilead Sciences (GILD) , Enterprise Products Partners (EPD) , Energy Transfer (ET) , AbbVie (ABBV) , Citigroup (C) , DocuSign (DOCU) , International Business Machines (IBM) , Intel (INTC) and Johnson & Johnson (JNJ) .

When did Qifu Technology IPO?

Qifu Technology (QFIN) raised $54 million in an initial public offering (IPO) on Friday, December 14th 2018. The company issued 3,100,000 shares at $16.50-$18.50 per share. Citigroup, Haitong International, AMTD and Lighthouse Capital served as the underwriters for the IPO and China Securities International, TF International, HeungKong Financial and North Beta Capital were co-managers.

Who are Qifu Technology's major shareholders?

Qifu Technology's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.17%), Banque Cantonale Vaudoise (0.13%), Los Angeles Capital Management LLC (0.06%), Handelsinvest Investeringsforvaltning (0.01%) and Janiczek Wealth Management LLC (0.00%).

How do I buy shares of Qifu Technology?

Shares of QFIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:QFIN

Qifu Technology (QFIN) Stock Price, News & Analysis

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Free QFIN Stock Alerts

$18.02

0.00 (0.00%)

(As of 04/19/2024 ET)

Compare

Today's Range: $17.96
▼
$18.18
50-Day Range: $14.85
▼
$20.00
52-Week Range: $13.12
▼
$20.61

Volume: 959,799 shs
Average Volume: 923,279 shs
Market Capitalization: $2.91 billion

P/E Ratio: 4.92
Dividend Yield: 6.33%
Price Target: $24.73

Get Qifu Technology alerts:

Qifu Technology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 37.3% Upside
$24.73 Price Target
Short Interest: Healthy
2.32% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.51
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.55%
From $4.31 to $4.98 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.97 out of 5 stars

Business Services Sector

2nd out of 300 stocks

Nondepository Credit Institutions Industry

1st out of 45 stocks

3.5

Analyst's Opinion

Consensus Rating
Qifu Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Qifu Technology has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.32% of the outstanding shares of Qifu Technology have been sold short.
Short Interest Ratio / Days to Cover
Qifu Technology has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Qifu Technology has recently decreased by 17.04%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Qifu Technology is a leading dividend payer. It pays a dividend yield of 6.33%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Qifu Technology has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Qifu Technology is 31.15%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Qifu Technology will have a dividend payout ratio of 22.89% next year. This indicates that Qifu Technology will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for QFIN.

2.5

News and Social Media Coverage

News Sentiment
Qifu Technology has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Qifu Technology this week, compared to 2 articles on an average week.
Search Interest
22 people have searched for QFIN on MarketBeat in the last 30 days. This is an increase of 83% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Qifu Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Qifu Technology insiders have not sold or bought any company stock.
Percentage Held by Insiders
17.10% of the stock of Qifu Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
74.81% of the stock of Qifu Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

5.0

Earnings and Valuation

Earnings Growth
Earnings for Qifu Technology are expected to grow by 15.55% in the coming year, from $4.31 to $4.98 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Qifu Technology is 4.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.44.
Price to Earnings Ratio vs. Sector
The P/E ratio of Qifu Technology is 4.92, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 14.04.
Price to Earnings Growth Ratio
Qifu Technology has a PEG Ratio of 0.42. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Qifu Technology has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Qifu Technology Stock (NASDAQ:QFIN)

Qifu Technology, Inc., through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service. The company also offers e-commerce loans, enterprise loans, and invoice loans to SME owners. It serves financial institutions, consumers, and small- and micro-enterprises. The company was formerly known as 360 DigiTech, Inc. and changed its name to Qifu Technology, Inc. in March 2023. The company was founded in 2016 and is headquartered in Shanghai, the People's Republic of China.

QFIN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

QFIN Stock News Headlines

April 17, 2024 | finance.yahoo.com

Qifu Technology, Inc. (QFIN) Stock Moves -0.22%: What You Should Know

April 15, 2024 | finance.yahoo.com

With 3.5% one-year returns, institutional owners may ignore Qifu Technology, Inc.'s (NASDAQ:QFIN) 5.4% stock price decline

April 20, 2024 | American Alternative (Ad)

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April 14, 2024 | americanbankingnews.com

Short Interest in Qifu Technology, Inc. (NASDAQ:QFIN) Drops By 17.0%

April 13, 2024 | americanbankingnews.com

Qifu Technology (NASDAQ:QFIN) Hits New 1-Year High at $20.62

April 12, 2024 | americanbankingnews.com

Qifu Technology (NASDAQ:QFIN) Stock Price Up 1.3%

April 10, 2024 | msn.com

Qifu Technology, Inc. (QFIN) Stock Moves -0.45%: What You Should Know

April 8, 2024 | msn.com

Here's What Could Help Qifu Technology, Inc. (QFIN) Maintain Its Recent Price Strength

April 20, 2024 | American Alternative (Ad)

Your Money is Not Safe

April 2, 2024 | globenewswire.com

Qifu Technology Provides Updates on Share Repurchase Plans

April 1, 2024 | seekingalpha.com

FinVolution Q4 2023: Striking A Balance Between Growth And Shareholder Returns

March 20, 2024 | investorplace.com

The 7 Most Undervalued Stocks to Buy if You Only Have $20

March 20, 2024 | seekingalpha.com

Forget About Growth. Qifu Shows It's All About Giving Back To Shareholders

March 15, 2024 | finance.yahoo.com

360 DigiTech, Inc. (NASDAQ:QFIN) Q4 2023 Earnings Call Transcript

March 15, 2024 | seekingalpha.com

Qifu Technology: Turning Bullish On Revenue Beat And New Buyback Plan (Rating Upgrade)

March 15, 2024 | finance.yahoo.com

Here's What Analysts Are Forecasting For Qifu Technology, Inc. (NASDAQ:QFIN) After Its Annual Results

March 12, 2024 | globenewswire.com

Qifu Technology Announces Fourth Quarter and Full Year 2023 Unaudited Financial Results, Declares Semi-Annual Dividend and Announces a New Share Repurchase Plan

March 11, 2024 | benzinga.com

Qifu Technology's Earnings: A Preview

February 29, 2024 | globenewswire.com

Qifu Technology to Announce Fourth Quarter and Full Year 2023 Unaudited Financial Results on March 12, 2024

February 12, 2024 | ca.finance.yahoo.com

QFIN Jan 2025 12.500 call

January 3, 2024 | morningstar.com

Qifu Technology Inc ADR

January 3, 2024 | msn.com

QFIN vs. RKT: Which Stock Is the Better Value Option?

December 31, 2023 | finance.yahoo.com

Qifu Technology (NASDAQ:QFIN) jumps 5.5% this week, though earnings growth is still tracking behind three-year shareholder returns

December 22, 2023 | seekingalpha.com

Qifu Technology: Still Neutral Considering Fundamentals And Valuations

December 4, 2023 | markets.businessinsider.com

Maintaining Buy Rating: Qifu Technology’s Strong Growth Trajectory and Value Proposition

November 18, 2023 | markets.businessinsider.com

Qifu Technology’s Strong Financial Performance and Shareholder Returns Underpin Buy Rating

November 17, 2023 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Qifu Technology (QFIN) and Triumph Financial (TFIN)

See More Headlines

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Company Calendar

Last Earnings: 3/12/2024
Ex-Dividend for 5/24 Dividend: 4/12/2024
Today: 4/20/2024
Next Earnings (Estimated): 5/16/2024
Dividend Payable: 5/24/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Nondepository credit institutions
Sub-Industry: N/A
Current Symbol: NASDAQ:QFIN
CUSIP: N/A
CIK: 1741530
Web: www.360jie.com.cn
Phone: 862158357668
Fax: N/A
Employees: 2,199
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $24.73
High Stock Price Target: $25.90
Low Stock Price Target: $23.80
Potential Upside/Downside: +37.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.66
Trailing P/E Ratio: 4.92
Forward P/E Ratio: 4.18
P/E Growth: 0.42
Net Income: $603.58 million
Net Margins: 26.29%
Pretax Margin: 32.40%
Return on Equity: 20.44%
Return on Assets: 9.72%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.00
Quick Ratio: 2.11

Sales & Book Value

Annual Sales: $2.29 billion
Price / Sales: 1.27
Cash Flow: $6.21 per share
Price / Cash Flow: 2.90
Book Value: $19.21 per share
Price / Book: 0.94

Miscellaneous

Outstanding Shares: 161,400,000
Free Float: 133,797,000
Market Cap: $2.91 billion
Optionable: Optionable
Beta: 0.62

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Key Executives

Mr. Haisheng Wu (Age 41)
CEO & Director
Mr. Zuoli Xu CFA (Age 55)
CFO & Director
Mr. Zhiqiang He (Age 41)
Senior Vice President
Mr. Yan Zheng (Age 36)
Chief Risk Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

QFIN Stock Analysis - Frequently Asked Questions

Should I buy or sell Qifu Technology stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Qifu Technology in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" QFIN shares.
View QFIN analyst ratings or view top-rated stocks.
What is Qifu Technology's stock price target for 2024?: 3 analysts have issued 12-month price targets for Qifu Technology's shares. Their QFIN share price targets range from $23.80 to $25.90. On average, they expect the company's stock price to reach $24.73 in the next twelve months. This suggests a possible upside of 37.3% from the stock's current price.
View analysts price targets for QFIN or view top-rated stocks among Wall Street analysts.
How have QFIN shares performed in 2024?: Qifu Technology's stock was trading at $15.82 at the beginning of the year. Since then, QFIN shares have increased by 13.9% and is now trading at $18.02.
View the best growth stocks for 2024 here.
Are investors shorting Qifu Technology?: Qifu Technology saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 3,750,000 shares, a decrease of 17.0% from the March 15th total of 4,520,000 shares. Based on an average daily volume of 1,140,000 shares, the days-to-cover ratio is presently 3.3 days.
View Qifu Technology's Short Interest.
When is Qifu Technology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
View our QFIN earnings forecast.
How were Qifu Technology's earnings last quarter?: Qifu Technology, Inc. (NASDAQ:QFIN) announced its quarterly earnings data on Tuesday, March, 12th. The company reported $0.96 earnings per share for the quarter, hitting analysts' consensus estimates of $0.96. The firm had revenue of $633.18 million for the quarter, compared to the consensus estimate of $597.09 million. Qifu Technology had a net margin of 26.29% and a trailing twelve-month return on equity of 20.44%.
How often does Qifu Technology pay dividends? What is the dividend yield for Qifu Technology?: Qifu Technology declared a semi-annual dividend on Wednesday, March 13th. Shareholders of record on Monday, April 15th will be given a dividend of $0.57 per share on Friday, May 24th. This represents a yield of 5.7%. The ex-dividend date is Friday, April 12th. This is a boost from the stock's previous semi-annual dividend of $0.50.
Read our dividend analysis for QFIN.

Is Qifu Technology a good dividend stock?: Qifu Technology (NASDAQ:QFIN) pays an annual dividend of $1.14 per share and currently has a dividend yield of 6.33%. QFIN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, QFIN will have a dividend payout ratio of 22.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for QFIN.
What ETFs hold Qifu Technology's stock?: ETFs with the largest weight of Qifu Technology (NASDAQ:QFIN) stock in their portfolio include Amplify Emerging Markets FinTech ETF (EMFQ), KraneShares CSI China Internet ETF (KWEB), Invesco Golden Dragon China ETF (PGJ), iShares MSCI China Multisector Tech ETF (TCHI) and Global X MSCI China Financials ETF (CHIX).Emerging Markets Internet & Ecommerce ETF (EMQQ).
What other stocks do shareholders of Qifu Technology own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Qifu Technology investors own include Bank of America (BAC), Gilead Sciences (GILD), Enterprise Products Partners (EPD), Energy Transfer (ET), AbbVie (ABBV), Citigroup (C), DocuSign (DOCU), International Business Machines (IBM), Intel (INTC) and Johnson & Johnson (JNJ).
When did Qifu Technology IPO?: Qifu Technology (QFIN) raised $54 million in an initial public offering (IPO) on Friday, December 14th 2018. The company issued 3,100,000 shares at $16.50-$18.50 per share. Citigroup, Haitong International, AMTD and Lighthouse Capital served as the underwriters for the IPO and China Securities International, TF International, HeungKong Financial and North Beta Capital were co-managers.
Who are Qifu Technology's major shareholders?: Qifu Technology's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.17%), Banque Cantonale Vaudoise (0.13%), Los Angeles Capital Management LLC (0.06%), Handelsinvest Investeringsforvaltning (0.01%) and Janiczek Wealth Management LLC (0.00%).
How do I buy shares of Qifu Technology?: Shares of QFIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:QFIN) was last updated on 4/20/2024 by MarketBeat.com Staff

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