PPDAI Group (NYSE:FINV) Receives “Neutral” Rating from Citigroup

PPDAI Group (NYSE:FINV)‘s stock had its “neutral” rating reiterated by equities research analysts at Citigroup in a research note issued on Friday, Marketbeat Ratings reports. They currently have a $4.10 target price on the stock. Citigroup’s price target indicates a potential upside of 13.57% from the company’s previous close.

Separately, Weiss Ratings downgraded PPDAI Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.10.

PPDAI Group Price Performance

NYSE:FINV traded down $0.41 during trading hours on Friday, reaching $3.61. 428,843 shares of the company were exchanged, compared to its average volume of 983,028. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.07. The firm has a market cap of $878.28 million, a PE ratio of 3.03 and a beta of 0.36. PPDAI Group has a twelve month low of $3.61 and a twelve month high of $8.40. The stock’s 50-day moving average is $4.68 and its 200-day moving average is $4.98.

PPDAI Group (NYSE:FINV) last released its quarterly earnings results on Monday, May 25th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. PPDAI Group had a net margin of 16.58% and a return on equity of 14.22%. The firm had revenue of $465.58 million during the quarter, compared to the consensus estimate of $438.70 million.

Institutional Trading of PPDAI Group

Several large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings in PPDAI Group by 57.7% in the 4th quarter. Farther Finance Advisors LLC now owns 5,695 shares of the company’s stock valued at $30,000 after buying an additional 2,083 shares in the last quarter. FourThought Financial Partners LLC purchased a new position in shares of PPDAI Group during the 4th quarter worth $120,000. Abacus Wealth Partners LLC acquired a new stake in PPDAI Group during the fourth quarter worth about $221,000. Royal Bank of Canada raised its stake in PPDAI Group by 114.5% during the first quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock worth $571,000 after purchasing an additional 31,641 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 worth $4,584,000 after purchasing an additional 12,000 shares during the period. 31.15% of the stock is currently owned by hedge funds and other institutional investors.

About PPDAI Group

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.