360 Finance Inc (NASDAQ:QFIN) Given $29.00 Average Price Target by Analysts

360 Finance Inc (NASDAQ:QFIN) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price objective of $29.00 for the company, according to Zacks. Zacks has also given 360 Finance an industry rank of 148 out of 256 based on the ratings given to related companies.

A number of equities analysts recently weighed in on QFIN shares. China Renaissance Securities started coverage on 360 Finance in a research note on Tuesday, May 14th. They issued a “buy” rating and a $29.00 price target on the stock. Citigroup started coverage on 360 Finance in a research note on Tuesday, May 14th. They issued a “buy” rating and a $29.00 price target on the stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Maven Securities LTD acquired a new stake in shares of 360 Finance during the 2nd quarter valued at about $113,000. Laurion Capital Management LP acquired a new stake in 360 Finance in the 2nd quarter worth approximately $118,000. GSA Capital Partners LLP acquired a new stake in 360 Finance in the 2nd quarter worth approximately $127,000. BlackRock Inc. acquired a new stake in 360 Finance in the 2nd quarter worth approximately $326,000. Finally, FMR LLC lifted its holdings in 360 Finance by 3.6% in the 1st quarter. FMR LLC now owns 1,061,095 shares of the company’s stock worth $16,447,000 after purchasing an additional 37,295 shares during the last quarter. Hedge funds and other institutional investors own 9.14% of the company’s stock.

QFIN traded down $0.69 during trading hours on Friday, hitting $9.91. 4,197 shares of the stock were exchanged, compared to its average volume of 228,651. The stock has a 50-day simple moving average of $10.80 and a 200-day simple moving average of $14.83. 360 Finance has a 12 month low of $9.52 and a 12 month high of $24.45.

360 Finance (NASDAQ:QFIN) last released its earnings results on Monday, May 20th. The company reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $299.35 million for the quarter.

About 360 Finance

360 Finance, Inc operates a digital consumer finance platform in China. Its platform provides online consumer finance products to prime and underserved borrowers. The company was founded in 2016 and is headquartered in Shanghai, China.

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