PPDAI Group (NYSE:FINV) Rating Lowered to “Hold” at Wall Street Zen

PPDAI Group (NYSE:FINV) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings cut shares of PPDAI Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $11.55.

PPDAI Group Trading Down 0.8%

Shares of FINV stock opened at $4.73 on Friday. PPDAI Group has a 1-year low of $4.70 and a 1-year high of $11.08. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 3.22 and a beta of 0.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.89 and a quick ratio of 2.89. The stock has a 50 day simple moving average of $6.67 and a 200-day simple moving average of $8.15.

PPDAI Group (NYSE:FINV) last issued its quarterly earnings results on Wednesday, November 19th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $489.62 million during the quarter, compared to analysts’ expectations of $510.18 million. PPDAI Group had a return on equity of 18.67% and a net margin of 19.98%. PPDAI Group has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On PPDAI Group

A number of large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its position in shares of PPDAI Group by 22.9% in the first quarter. Envestnet Asset Management Inc. now owns 239,926 shares of the company’s stock valued at $2,310,000 after buying an additional 44,656 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of PPDAI Group by 21.5% during the 1st quarter. Cetera Investment Advisers now owns 17,660 shares of the company’s stock worth $170,000 after purchasing an additional 3,125 shares during the last quarter. XTX Topco Ltd grew its position in shares of PPDAI Group by 71.6% in the first quarter. XTX Topco Ltd now owns 76,182 shares of the company’s stock valued at $734,000 after purchasing an additional 31,779 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of PPDAI Group by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 26,369 shares of the company’s stock valued at $254,000 after purchasing an additional 2,647 shares during the last quarter. Finally, National Bank of Canada FI purchased a new position in PPDAI Group during the first quarter worth approximately $1,648,000. Hedge funds and other 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.