PPDAI Group (NYSE:FINV) Trading 0.1% Higher – Here’s Why

Shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV) traded up 0.1% on Friday . The company traded as high as $5.78 and last traded at $5.7250. 811,244 shares changed hands during trading, a decline of 21% from the average session volume of 1,026,808 shares. The stock had previously closed at $5.72.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FINV shares. Weiss Ratings restated a “hold (c)” rating on shares of PPDAI Group in a research report on Monday, December 29th. Wall Street Zen cut shares of PPDAI Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 23rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.55.

PPDAI Group Stock Up 0.1%

The stock’s fifty day moving average price is $5.29 and its 200 day moving average price is $6.40. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.45 billion, a P/E ratio of 3.89 and a beta of 0.39.

PPDAI Group (NYSE:FINV) last announced its earnings results on Thursday, November 20th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $489.73 million during the quarter, compared to analysts’ expectations of $510.18 million. PPDAI Group had a return on equity of 18.33% and a net margin of 19.98%.

Hedge Funds Weigh In On PPDAI Group

Several institutional investors have recently modified their holdings of FINV. Royal Bank of Canada lifted its holdings in shares of PPDAI Group by 114.5% in the 1st quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock worth $571,000 after acquiring an additional 31,641 shares during the last quarter. Millennium Management LLC raised its position in PPDAI Group by 573.9% in the 1st quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock worth $10,116,000 after purchasing an additional 894,566 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in PPDAI Group by 2.6% in 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 worth $4,584,000 after purchasing an additional 12,000 shares during the period. SG Americas Securities LLC lifted its stake in PPDAI Group by 246.7% in the second quarter. SG Americas Securities LLC now owns 103,163 shares of the company’s stock worth $978,000 after purchasing an additional 73,410 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in PPDAI Group by 7.0% during the second quarter. Russell Investments Group Ltd. now owns 510,777 shares of the company’s stock valued at $4,869,000 after buying an additional 33,207 shares during the period. 31.15% of the stock is currently owned by institutional investors.

PPDAI Group Company Profile

PPDAI Group Inc operates an online consumer finance marketplace that connects individual and institutional investors with personal and small-business borrowers. Through its digital platform, the company facilitates unsecured consumer loans, auto refinancing loans and small-business financing by leveraging proprietary credit assessment tools and big data analytics. Investors gain exposure to a diversified portfolio of retail credit assets, while borrowers benefit from streamlined application processes and competitive financing rates.

At the core of PPDAI’s offering is a multi-layered risk management framework that combines automated credit scoring, manual underwriting oversight and third-party data verification.