Shares of Qudian Inc – (NYSE:QD) have been given a consensus rating of “Hold” by the eleven analysts that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $23.25.
A number of analysts have issued reports on the company. Zacks Investment Research raised Qudian from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Needham & Company LLC lowered Qudian from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Macquarie lowered Qudian from an “outperform” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research note on Monday, August 27th. Finally, Sanford C. Bernstein lowered Qudian from an “outperform” rating to a “market perform” rating and set a $7.00 price target on the stock. in a research note on Thursday, August 23rd.
NYSE:QD traded up $0.25 during mid-day trading on Friday, reaching $4.59. The company’s stock had a trading volume of 2,714,007 shares, compared to its average volume of 2,610,096. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.03. Qudian has a twelve month low of $4.07 and a twelve month high of $35.45. The firm has a market cap of $1.72 billion and a price-to-earnings ratio of 4.21.
Institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. purchased a new position in shares of Qudian in the 1st quarter worth about $137,000. Financial Gravity Wealth Inc. purchased a new position in shares of Qudian in the 1st quarter worth about $138,000. Guggenheim Capital LLC purchased a new position in shares of Qudian in the 1st quarter worth about $163,000. Cubist Systematic Strategies LLC purchased a new position in shares of Qudian in the 2nd quarter worth about $164,000. Finally, Global X Management Co LLC purchased a new position in shares of Qudian in the 2nd quarter worth about $229,000. Institutional investors own 5.26% of the company’s stock.
Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers cash credit products, such as cash short-term unsecured lines of credit, which are distributed in digital form; and merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis, as well as budget auto financing products.
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