PPDAI Group (NYSE:FINV) Shares Gap Down – What’s Next?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $4.02, but opened at $3.88. PPDAI Group shares last traded at $3.57, with a volume of 609,882 shares trading hands.

Analyst Ratings Changes

Several analysts recently issued reports on FINV shares. Weiss Ratings downgraded shares of PPDAI Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Citigroup reiterated a “neutral” rating and issued a $4.10 target price on shares of PPDAI Group in a report on Friday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.10.

PPDAI Group Stock Down 14.7%

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 market cap of $834.48 million, a price-to-earnings ratio of 2.88 and a beta of 0.36. The firm has a 50-day moving average of $4.68 and a two-hundred day moving average of $4.98.

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 analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $465.58 million for the quarter, compared to analyst estimates of $438.70 million. PPDAI Group had a return on equity of 14.22% and a net margin of 16.58%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake 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 acquiring an additional 2,083 shares during the last quarter. FourThought Financial Partners LLC bought a new stake in PPDAI Group in the 4th quarter valued at $120,000. Abacus Wealth Partners LLC acquired a new stake in PPDAI Group in the 4th quarter worth $221,000. Royal Bank of Canada grew its position in PPDAI Group by 114.5% in the 1st 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 last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of PPDAI Group by 2.6% during 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 purchasing an additional 12,000 shares during the period. 31.15% of the stock is currently 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.