| Over a week ago | ||||
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%. | ||||
| Over a quarter ago | ||||
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. | ||||
Credit Suisse analyst… Credit Suisse analyst Yiran Zhong downgraded Yirendai to Underperform from Neutral with a $5.65 price target. | |
Morgan Stanley analyst… Morgan Stanley analyst John Cai downgraded Yirendai to Underweight from Equal Weight with a price target of $5.50, down from $15.50. He cut his 2020 earnings estimates for Yirendai by 78% given the lack of clarity and greater business model uncertainty amid heavy offline operations. Peer to peer, or P2P, loan balances in China have fallen at an accelerated pace, which he sees as a trend that is likely to continue in 2020, Cai tells investors. | |
Yiren Digital (YRD)… Yiren Digital (YRD) announced that its wealth management platform Yiren Wealth has entered into a strategic cooperation agreement with Principal Global Investors Limited., a subsidiary of Principal Financial Group (PFG). The partnership will open up a comprehensive strategic business deployment in China's retirement financial service market, helping China's mass affluent population better prepare for retirement. | |
Yirendai is up 13.9%, or… Yirendai is up 13.9%, or 83c to $6.78. | |