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

360 Finance Inc (NASDAQ:QFIN) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus price objective of $29.00 for the company, according to Zacks. Zacks has also assigned 360 Finance an industry rank of 104 out of 256 based on the ratings given to its competitors.

A number of brokerages have recently commented on QFIN. Citigroup began coverage on shares of 360 Finance in a research report on Tuesday, May 14th. They issued a “buy” rating and a $29.00 price objective on the stock. China Renaissance Securities began coverage on shares of 360 Finance in a research report on Tuesday, May 14th. They issued a “buy” rating and a $29.00 price objective on the stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. acquired a new position in 360 Finance during the fourth quarter worth $112,000. Millennium Management LLC acquired a new position in 360 Finance during the fourth quarter worth $659,000. Finally, FMR LLC acquired a new position in 360 Finance during the fourth quarter worth $15,797,000. Institutional investors and hedge funds own 0.76% of the company’s stock.

QFIN traded down $0.20 during trading on Monday, reaching $11.55. The company had a trading volume of 66,525 shares, compared to its average volume of 698,030. The company’s fifty day moving average price is $15.49. 360 Finance has a 12 month low of $9.90 and a 12 month high of $24.45.

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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