PPDAI Group (NYSE:PPDF) Trading Down 9.6%

PPDAI Group Inc – (NYSE:PPDF) dropped 9.6% on Wednesday . The stock traded as low as $4.51 and last traded at $4.52. Approximately 2,617,266 shares were traded during mid-day trading, an increase of 127% from the average daily volume of 1,154,902 shares. The stock had previously closed at $5.00.

PPDF has been the subject of several research analyst reports. Zacks Investment Research raised shares of PPDAI Group from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a report on Tuesday, February 12th. TheStreet raised shares of PPDAI Group from a “d+” rating to a “c-” rating in a report on Friday, May 3rd. Finally, ValuEngine raised shares of PPDAI Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating, PPDAI Group presently has an average rating of “Hold” and an average target price of $4.88.

The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.32 and a current ratio of 2.32. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 4.04 and a beta of 1.87.

PPDAI Group (NYSE:PPDF) last issued its quarterly earnings results on Wednesday, May 15th. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.10. PPDAI Group had a net margin of 56.74% and a return on equity of 48.73%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.23 billion. PPDAI Group’s revenue was up 571.1% compared to the same quarter last year. On average, research analysts anticipate that PPDAI Group Inc – will post 0.97 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of PPDF. Legal & General Group Plc acquired a new stake in PPDAI Group during the 3rd quarter worth about $35,000. Segantii Capital Management Ltd acquired a new stake in PPDAI Group during the 1st quarter worth about $59,000. Virtu Financial LLC acquired a new stake in PPDAI Group during the 1st quarter worth about $62,000. Ellington Management Group LLC acquired a new stake in PPDAI Group during the 1st quarter worth about $62,000. Finally, Renaissance Technologies LLC acquired a new stake in PPDAI Group during the 1st quarter worth about $79,000. 8.78% of the stock is owned by institutional investors.

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PPDAI Group Company Profile (NYSE:PPDF)

PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard, handy cash, consumption, and other loan products; and investment services to investors and institutional funding partners.

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