Jiayin Group (NASDAQ:JFIN) Given New $9.25 Price Target at Roth Capital

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Jiayin Group (NASDAQ:JFIN) had its price objective upped by Roth Capital from $5.75 to $9.25 in a research report released on Wednesday morning, Analyst Price Targets reports. Roth Capital currently has a buy rating on the stock.

Separately, Zacks Investment Research lowered Jiayin Group from a hold rating to a sell rating in a research note on Friday, March 12th.

NASDAQ JFIN opened at $5.99 on Wednesday. The stock has a 50-day simple moving average of $6.65 and a two-hundred day simple moving average of $4.26. The firm has a market capitalization of $320.47 million, a P/E ratio of 11.09 and a beta of 0.99. Jiayin Group has a fifty-two week low of $1.88 and a fifty-two week high of $30.00.

Several institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of Jiayin Group in the 4th quarter valued at about $112,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Jiayin Group during the 4th quarter worth approximately $32,000. Renaissance Technologies LLC acquired a new position in Jiayin Group in the fourth quarter valued at approximately $294,000. Finally, Koshinski Asset Management Inc. acquired a new position in Jiayin Group during the fourth quarter worth $1,052,000. Hedge funds and other institutional investors own 0.34% of the company’s stock.

About Jiayin Group

Jiayin Group Inc operates as an online individual finance marketplace that connects individual investors and individual borrowers in China. It operates a secure and open platform that facilitates transparent, secure, and fast connections between investors and borrowers. The company was founded in 2011 and is headquartered in Shanghai, the People's Republic of China.

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