PPDAI Group (NYSE:PPDF) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday, ValuEngine reports.

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.

PPDAI Group (NYSE:PPDF) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.24 by $0.10. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.23 billion. PPDAI Group had a net margin of 56.74% and a return on equity of 48.73%. The business’s revenue was up 571.1% on a year-over-year basis. As a group, equities analysts expect that PPDAI Group will post 0.97 earnings per share for the current fiscal year.

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

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