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

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) shares fell 0.4% during mid-day trading on Friday . The stock traded as low as $5.17 and last traded at $5.20. 1,677,770 shares traded 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

FINV has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of PPDAI Group in a research note on Monday. Wall Street Zen lowered PPDAI Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 23rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.55.

PPDAI Group Stock Performance

The stock’s fifty day simple moving average is $5.73 and its two-hundred day simple moving average is $7.68. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 3.54 and a beta of 0.38. 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 issued its earnings results on Thursday, November 20th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $489.73 million during the quarter, compared to analyst estimates of $510.18 million. PPDAI Group had a net margin of 19.98% and a return on equity of 18.33%.

Hedge Funds Weigh In On PPDAI Group

A number of hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC acquired a new stake in PPDAI Group in the 2nd quarter valued at $31,000. Quantbot Technologies LP acquired a new position in shares of PPDAI Group during the first quarter worth about $62,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of PPDAI Group in the third quarter worth about $94,000. Cetera Investment Advisers grew its stake in shares of PPDAI Group by 21.5% in the first quarter. Cetera Investment Advisers now owns 17,660 shares of the company’s stock valued at $170,000 after buying an additional 3,125 shares in the last quarter. Finally, Ascent Group LLC raised its holdings in shares of PPDAI Group by 15.9% during the 1st quarter. Ascent Group LLC now owns 29,977 shares of the company’s stock valued at $289,000 after buying an additional 4,111 shares during the period. Hedge funds and other institutional investors own 31.15% of the company’s stock.

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.