PPDAI Group (NYSE:FINV) Reaches New 52-Week Low – What’s Next?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $4.31 and last traded at $4.3050, with a volume of 152658 shares. The stock had previously closed at $4.38.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered PPDAI Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

PPDAI Group Stock Performance

The company’s 50-day moving average price is $4.76 and its two-hundred day moving average price is $5.02. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 3.69 and a beta of 0.36. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.36 and a quick ratio of 3.36.

PPDAI Group (NYSE:FINV) last released its earnings results on Monday, May 25th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. The business had revenue of $465.58 million for the quarter, compared to analyst estimates of $438.70 million. PPDAI Group had a net margin of 16.58% and a return on equity of 14.22%.

Insider Buying and Selling at PPDAI Group

In other news, Director Bing Xiang sold 75,000 shares of PPDAI Group stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $1.07, for a total value of $80,250.00. Following the completion of the transaction, the director directly owned 18,750 shares of the company’s stock, valued at approximately $20,062.50. This trade represents a 80.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 44.00% of the company’s stock.

Hedge Funds Weigh In On PPDAI Group

Several institutional investors have recently added to or reduced their stakes in FINV. Millennium Management LLC boosted its holdings in shares of PPDAI Group by 573.9% during the 1st quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock worth $10,116,000 after buying an additional 894,566 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in shares of PPDAI Group during the 4th quarter valued at $120,000. Abacus Wealth Partners LLC acquired a new position in shares of PPDAI Group during the 4th quarter valued at $221,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in 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 worth $4,584,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in PPDAI Group by 114.5% in 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 owned by institutional investors and hedge funds.

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.