Qfin (NASDAQ:QFIN) Price Target Cut to $23.40 by Analysts at Jefferies Financial Group

Qfin (NASDAQ:QFIN) had its target price trimmed by Jefferies Financial Group from $30.30 to $23.40 in a report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. downgraded Qfin from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $21.00 in a research note on Wednesday, November 19th. Weiss Ratings restated a “hold (c)” rating on shares of Qfin in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of Qfin from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 17th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.37.

Qfin Price Performance

Shares of Qfin stock opened at $13.21 on Wednesday. The stock has a market cap of $1.88 billion, a P/E ratio of 2.14, a P/E/G ratio of 0.21 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.94 and a current ratio of 2.94. The stock’s fifty day moving average is $15.55 and its 200 day moving average is $20.97. Qfin has a one year low of $13.21 and a one year high of $48.94.

Qfin (NASDAQ:QFIN) last released its quarterly earnings results on Tuesday, March 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.01). The company had revenue of $585.10 million for the quarter, compared to the consensus estimate of $664.95 million. Qfin had a net margin of 31.13% and a return on equity of 25.22%. Sell-side analysts anticipate that Qfin will post 5.71 earnings per share for the current year.

Qfin Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Wednesday, April 22nd will be given a $0.78 dividend. This represents a dividend yield of 1,143.0%. The ex-dividend date is Wednesday, April 22nd. Qfin’s payout ratio is presently 21.87%.

Institutional Trading of Qfin

Several institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its stake in Qfin by 813.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,669 shares of the company’s stock worth $90,000 after purchasing an additional 4,158 shares during the period. Empowered Funds LLC bought a new stake in shares of Qfin during the fourth quarter valued at approximately $202,000. XTX Topco Ltd raised its position in shares of Qfin by 123.8% during the fourth quarter. XTX Topco Ltd now owns 37,511 shares of the company’s stock valued at $723,000 after buying an additional 20,747 shares during the last quarter. Voloridge Investment Management LLC lifted its holdings in shares of Qfin by 124.1% in the fourth quarter. Voloridge Investment Management LLC now owns 1,163,392 shares of the company’s stock worth $22,419,000 after buying an additional 644,171 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Qfin in the fourth quarter worth $466,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Trending Headlines about Qfin

Here are the key news stories impacting Qfin this week:

• Positive Sentiment: Company raised and declared a semi-annual dividend (0.78 per share; record date Apr 22, pay date May 14), which may support the shares and signal confidence in cash flow. Press Release
• Positive Sentiment: Jefferies cut its price target from $30.30 to $23.40 but maintained a “buy” rating — the new target still implies substantial upside versus current levels, providing an analyst-supported buying case despite the haircut. Jefferies Coverage
• Neutral Sentiment: Quarterly call materials and transcript are available — useful for parsing management commentary on loan growth, credit performance, margins and capital allocation (slides, call transcript). Investors should review management’s remarks for forward guidance and portfolio quality details. Slide Deck
• Negative Sentiment: Q4 results: EPS of $1.12 missed consensus by $0.01 and revenue came in at $585.1M vs. estimates near $665M — the sizeable revenue shortfall and year-over-year earnings decline increase near-term downside risk as analysts rework models. Earnings / Call
• Negative Sentiment: Market write-ups emphasize the revenue miss and lower estimates; expect continued volatility as the market digests whether growth will re-accelerate and how credit trends will hold up. Analyst/News Coverage

Qfin Company Profile

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.