PPDAI Group (NYSE:FINV) Trading Down 0.4% – Here’s What Happened

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) fell 0.4% on Friday . The company traded as low as $5.17 and last traded at $5.20. 1,677,770 shares changed hands during trading, a decline of 5% from the average session volume of 1,760,301 shares. The stock had previously closed at $5.22.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FINV. Weiss Ratings restated a “hold (c)” rating on shares of PPDAI Group in a research note on Monday, December 15th. Wall Street Zen cut shares of PPDAI Group from a “buy” rating to a “hold” rating in a research report on Sunday, November 23rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.55.

PPDAI Group Stock Down 0.4%

The firm has a 50 day simple moving average of $5.73 and a two-hundred day simple moving average of $7.67. The stock has a market capitalization of $1.32 billion, a P/E ratio of 3.54 and a beta of 0.38. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.06.

PPDAI Group (NYSE:FINV) last posted its quarterly earnings results on Thursday, November 20th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $489.73 million for the quarter, compared to analyst estimates 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

Hedge funds have recently added to or reduced their stakes in the stock. Kingswood Wealth Advisors LLC acquired a new position in shares of PPDAI Group during the third quarter worth $94,000. Russell Investments Group Ltd. grew its position in PPDAI Group by 7.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 510,777 shares of the company’s stock worth $4,869,000 after acquiring an additional 33,207 shares during the last quarter. SG Americas Securities LLC increased its holdings in PPDAI Group by 246.7% in the 2nd quarter. SG Americas Securities LLC now owns 103,163 shares of the company’s stock worth $978,000 after purchasing an additional 73,410 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in PPDAI Group in the 2nd quarter worth about $31,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in PPDAI Group by 2.6% in 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 purchasing an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 31.15% of the company’s stock.

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.