PPDAI Group (NYSE:PPDF) Cut to “Sell” at ValuEngine
Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of PPDAI Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. TheStreet cut shares of PPDAI Group from a “c-” rating to a “d” rating in a research note on Monday, May 20th. One analyst has rated the stock with a sell rating and two have assigned a hold rating to the company. PPDAI Group has an average rating of “Hold” and a consensus price target of $4.88.
Shares of PPDF stock opened at $3.99 on Friday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 3.56 and a beta of 1.88. PPDAI Group has a 52 week low of $2.85 and a 52 week high of $6.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.32 and a current ratio of 2.32.
Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in shares of PPDAI Group by 65.3% during the 4th quarter. FMR LLC now owns 5,151,344 shares of the company’s stock valued at $18,545,000 after buying an additional 2,035,066 shares in the last quarter. Krane Funds Advisors LLC raised its position in shares of PPDAI Group by 2.6% during the 1st quarter. Krane Funds Advisors LLC now owns 1,080,494 shares of the company’s stock valued at $4,084,000 after buying an additional 27,173 shares in the last quarter. Bank of Montreal Can raised its position in shares of PPDAI Group by 13.9% during the 4th quarter. Bank of Montreal Can now owns 29,962 shares of the company’s stock valued at $108,000 after buying an additional 3,662 shares in the last quarter. Massachusetts Institute of Technology purchased a new stake in shares of PPDAI Group during the 4th quarter valued at about $871,000. Finally, New Silk Road Investment PTE Ltd. purchased a new stake in shares of PPDAI Group during the 1st quarter valued at about $2,544,000. Hedge funds and other institutional investors own 8.78% of the company’s stock.
PPDAI Group Company Profile
PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard, handy cash, consumption, and other loan products; and investment services to investors and institutional funding partners.
Further Reading: Cost of Equity For A Business, Investors
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for PPDAI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPDAI Group and related companies with MarketBeat.com's FREE daily email newsletter.