PPDAI Group (NYSE:PPDF) issued its earnings results on Wednesday. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.69), Morningstar.com reports.

Shares of PPDAI Group stock traded down $0.17 during trading on Thursday, hitting $8.00. 855,129 shares of the stock traded hands, compared to its average volume of 504,643. PPDAI Group has a 1 year low of $6.53 and a 1 year high of $14.63.

How to Become a New Pot Stock Millionaire

Institutional investors have recently modified their holdings of the company. Tiger Pacific Capital LP bought a new position in shares of PPDAI Group in the fourth quarter worth approximately $3,394,000. Millennium Management LLC bought a new position in shares of PPDAI Group in the fourth quarter worth approximately $142,000. BlackRock Inc. bought a new position in shares of PPDAI Group in the fourth quarter worth approximately $101,000. Two Sigma Investments LP bought a new position in shares of PPDAI Group in the fourth quarter worth approximately $802,000. Finally, Franklin Resources Inc. bought a new position in shares of PPDAI Group in the fourth quarter worth approximately $6,056,000. Hedge funds and other institutional investors own 3.49% of the company’s stock.

Several brokerages have recently issued reports on PPDF. Citigroup began coverage on shares of PPDAI Group in a report on Wednesday, December 6th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods began coverage on shares of PPDAI Group in a report on Monday, December 18th. They issued a “market perform” rating on the stock. Finally, Credit Suisse Group began coverage on shares of PPDAI Group in a report on Wednesday, December 6th. They issued an “outperform” rating and a $12.00 target price on the stock.

COPYRIGHT VIOLATION WARNING: “PPDAI Group (PPDF) Posts Quarterly Earnings Results, Misses Estimates By $0.69 EPS” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.watchlistnews.com/ppdai-group-ppdf-posts-quarterly-earnings-results-misses-estimates-by-0-69-eps/1958356.html.

PPDAI Group Company Profile

PPDAI Group Inc is an online consumer finance marketplace company in China. The Company is focused on delivering accessible and convenient financial services to borrowers and investors. The Company’s products and services include Loan services offered to borrowers, and Investment services offered to investors.

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.