| Over a quarter ago | ||||
Yirendai is down -7.5%,… Yirendai is down -7.5%, or -27c to $3.27. | ||||
Yirendai is down -10.2%,… Yirendai is down -10.2%, or -36c to $3.17. | ||||
Yirendai is down -8.2%,… Yirendai is down -8.2%, or -29c to $3.24. | ||||
Yirendai is down -15.6%,… Yirendai is down -15.6%, or -81c to $4.37. | ||||
Yirendai is down -14.1%,… Yirendai is down -14.1%, or -73c to $4.45. | ||||
Yirendai is down -17.4%,… Yirendai is down -17.4%, or -90c to $4.28. | |
Pre-earnings options… Pre-earnings options volume in Yirendai is 4.2x normal with calls leading puts :. Implied volatility suggests the market is anticipating a move near 16.9%, or 83c, after results are released. Median move over the past eight quarters is 3.7%. | |
UBS analyst May Yan… UBS analyst May Yan downgraded Yirendai to Sell from Neutral with a price target of $3.70, down from $9.20. Following the regulatory signal to accelerate peer-to-peer clean-up, Yiren Digital's peer-to-peer funded loan volume shrank substantially in December 2019, Yan tells investors in a research note. As such, the analyst thinks sustainability of the company's peer-to-peer funding is "highly questionable.. Given Yirendai's "much slower-than-peers" progress in transitioning into institutional funding, Yan expects its loan growth outlook in the near term to be severely constrained by its funding sources. |