PPDAI Group (NYSE:FINV) Raised to Strong-Buy at Wall Street Zen

PPDAI Group (NYSE:FINV) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

PPDAI Group Stock Down 0.7%

Shares of NYSE:FINV opened at $7.56 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.06. PPDAI Group has a 12 month low of $5.72 and a 12 month high of $11.08. The company has a 50-day moving average price of $8.48 and a 200 day moving average price of $8.76. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 5.11 and a beta of 0.41.

PPDAI Group (NYSE:FINV) last announced its quarterly earnings results on Wednesday, August 20th. The company reported $0.41 EPS for the quarter. The firm had revenue of $499.46 million during the quarter. PPDAI Group had a net margin of 20.28% and a return on equity of 18.88%. PPDAI Group has set its FY 2025 guidance at EPS.

Institutional Trading of PPDAI Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its holdings in PPDAI Group by 7.0% in the second quarter. Russell Investments Group Ltd. now owns 510,777 shares of the company’s stock worth $4,869,000 after purchasing an additional 33,207 shares during the last quarter. SG Americas Securities LLC lifted its position in PPDAI Group by 246.7% during the second quarter. SG Americas Securities LLC now owns 103,163 shares of the company’s stock valued at $978,000 after purchasing an additional 73,410 shares during the period. Farther Finance Advisors LLC acquired a new position in PPDAI Group during the second quarter valued at $31,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in PPDAI Group by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 475,988 shares of the company’s stock valued at $4,584,000 after purchasing an additional 12,000 shares during the period. Finally, Ascent Group LLC raised its position in shares of PPDAI Group by 15.9% in the first quarter. Ascent Group LLC now owns 29,977 shares of the company’s stock worth $289,000 after acquiring an additional 4,111 shares during the period. Institutional investors own 31.15% of the company’s stock.

PPDAI Group Company Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.