PPDAI Group (NYSE:FINV) Cut to “Hold (C+)” at Weiss Ratings

Weiss Ratings cut shares of PPDAI Group (NYSE:FINV) from a buy (b-) rating to a hold (c+) rating in a research note released on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen raised PPDAI Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 26th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, PPDAI Group currently has a consensus rating of “Moderate Buy” and an average target price of $11.55.

PPDAI Group Stock Performance

Shares of FINV opened at $6.55 on Friday. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 4.42 and a beta of 0.36. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.06. PPDAI Group has a 52-week low of $5.80 and a 52-week high of $11.08. The stock has a 50 day moving average price of $7.62 and a 200 day moving average price of $8.40.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Kingswood Wealth Advisors LLC purchased a new position in PPDAI Group during the 3rd quarter worth $94,000. Russell Investments Group Ltd. boosted its stake in shares of PPDAI Group by 7.0% during the second quarter. Russell Investments Group Ltd. now owns 510,777 shares of the company’s stock worth $4,869,000 after buying an additional 33,207 shares during the period. SG Americas Securities LLC raised its stake in PPDAI Group by 246.7% during the 2nd quarter. SG Americas Securities LLC now owns 103,163 shares of the company’s stock valued at $978,000 after acquiring an additional 73,410 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in PPDAI Group during the 2nd quarter valued at approximately $31,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in PPDAI Group by 2.6% during the 1st 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 acquiring an additional 12,000 shares during the last quarter. 31.15% of the stock is owned by hedge funds and other institutional investors.

About PPDAI Group

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.