PPDAI Group (NYSE:FINV) Sets New 12-Month Low – Here’s What Happened

Shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.36 and last traded at $3.3450, with a volume of 642123 shares traded. The stock had previously closed at $3.67.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FINV shares. Citigroup reiterated a “neutral” rating and set a $4.10 target price (down from $8.10) on shares of PPDAI Group in a research report on Friday. Weiss Ratings lowered PPDAI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $4.10.

PPDAI Group Stock Performance

The firm has a market cap of $784.61 million, a PE ratio of 3.04 and a beta of 0.36. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average price of $4.63 and a 200 day moving average price of $4.95.

PPDAI Group (NYSE:FINV) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.28 EPS for the quarter. PPDAI Group had a return on equity of 12.42% and a net margin of 14.49%.The business had revenue of $500.91 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. FourThought Financial Partners LLC purchased a new stake in shares of PPDAI Group during the fourth quarter valued at $120,000. Abacus Wealth Partners LLC purchased a new position in PPDAI Group during the 4th quarter worth approximately $221,000. Farther Finance Advisors LLC boosted its position in shares of PPDAI Group by 57.7% in the fourth quarter. Farther Finance Advisors LLC now owns 5,695 shares of the company’s stock worth $30,000 after buying an additional 2,083 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in PPDAI Group by 2.6% in the 1st 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, Millennium Management LLC grew its stake in PPDAI Group by 573.9% during the 1st quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock valued at $10,116,000 after acquiring an additional 894,566 shares in the last quarter. 31.15% of the stock is owned by institutional investors and hedge funds.

About PPDAI Group

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.