PPDAI Group (NYSE:FINV) Trading 0.1% Higher – Here’s What Happened

Shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV) shot up 0.1% during trading on Friday . The stock traded as high as $5.78 and last traded at $5.7250. 811,244 shares were traded during mid-day trading, a decline of 21% from the average session volume of 1,026,808 shares. The stock had previously closed at $5.72.

Analyst Upgrades and Downgrades

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

PPDAI Group Stock Performance

The stock has a 50-day moving average of $5.29 and a 200 day moving average of $6.39. The firm has a market capitalization of $1.45 billion, a P/E ratio of 3.89 and a beta of 0.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.86 and a current ratio of 2.86.

PPDAI Group (NYSE:FINV) last posted its quarterly earnings data on Thursday, November 20th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). PPDAI Group had a return on equity of 18.33% and a net margin of 19.98%.The business had revenue of $489.73 million during the quarter, compared to analyst estimates of $510.18 million.

Hedge Funds Weigh In On PPDAI Group

A number of large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in shares of PPDAI Group by 57.7% during 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 last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of PPDAI Group during the 3rd quarter valued at $94,000. FourThought Financial Partners LLC acquired a new position in shares of PPDAI Group in the 4th quarter valued at $120,000. SG Americas Securities LLC boosted its position in shares of PPDAI Group by 110.4% in the 4th quarter. SG Americas Securities LLC now owns 26,404 shares of the company’s stock worth $138,000 after purchasing an additional 13,855 shares during the last quarter. Finally, Abacus Wealth Partners LLC acquired a new stake in shares of PPDAI Group during the fourth quarter worth $221,000. 31.15% of the stock is currently 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.