PPDAI Group (NYSE:FINV) Stock Price Down 0.2% – Here’s Why

PPDAI Group Inc. Sponsored ADR (NYSE:FINV)’s share price fell 0.2% on Friday . The company traded as low as $5.05 and last traded at $5.14. 794,289 shares changed hands during trading, a decline of 14% from the average session volume of 928,101 shares. The stock had previously closed at $5.15.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FINV shares. Weiss Ratings restated a “hold (c)” rating on shares of PPDAI Group in a research report on Monday, December 29th. Wall Street Zen cut PPDAI Group from a “buy” rating to a “hold” rating in a research report on Sunday, November 23rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, PPDAI Group currently has an average rating of “Moderate Buy” and a consensus price target of $11.55.

PPDAI Group Price Performance

The stock has a market capitalization of $1.30 billion, a P/E ratio of 3.50 and a beta of 0.34. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.86 and a current ratio of 2.86. The firm has a 50-day moving average price of $5.18 and a 200 day moving average price of $6.80.

PPDAI Group (NYSE:FINV) last issued its earnings results on Thursday, November 20th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $489.73 million during the quarter, compared to analysts’ expectations of $510.18 million. PPDAI Group had a return on equity of 18.33% and a net margin of 19.98%.

Institutional Trading of PPDAI Group

Several institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its stake in shares of PPDAI Group by 573.9% during the first quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock valued at $10,116,000 after purchasing an additional 894,566 shares during the period. Russell Investments Group Ltd. increased its position in shares of PPDAI Group by 7.0% in the second quarter. Russell Investments Group Ltd. now owns 510,777 shares of the company’s stock valued at $4,869,000 after acquiring an additional 33,207 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of PPDAI Group by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 475,988 shares of the company’s stock valued at $4,584,000 after acquiring an additional 12,000 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of PPDAI Group by 246.7% during the second quarter. SG Americas Securities LLC now owns 103,163 shares of the company’s stock valued at $978,000 after acquiring an additional 73,410 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of PPDAI Group by 114.5% during the first quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock worth $571,000 after purchasing an additional 31,641 shares during the period. 31.15% of the stock is currently owned by hedge funds and other institutional investors.

PPDAI Group Company Profile

PPDAI Group Inc operates an online consumer finance marketplace that connects individual and institutional investors with personal and small-business borrowers. Through its digital platform, the company facilitates unsecured consumer loans, auto refinancing loans and small-business financing by leveraging proprietary credit assessment tools and big data analytics. Investors gain exposure to a diversified portfolio of retail credit assets, while borrowers benefit from streamlined application processes and competitive financing rates.

At the core of PPDAI’s offering is a multi-layered risk management framework that combines automated credit scoring, manual underwriting oversight and third-party data verification.