PPDAI Group (NYSE:FINV) Stock Price Down 5.4% – What’s Next?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) shares were down 5.4% during mid-day trading on Thursday . The company traded as low as $3.26 and last traded at $3.2540. 634,701 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 1,016,787 shares. The stock had previously closed at $3.44.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup reiterated a “neutral” rating and issued a $4.10 target price (down from $8.10) on shares of PPDAI Group in a research report on Friday, August 28th. Weiss Ratings downgraded PPDAI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 28th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PPDAI Group presently has an average rating of “Reduce” and an average target price of $4.10.

PPDAI Group Trading Down 4.8%

The company has a debt-to-equity ratio of 0.07, a current ratio of 2.84 and a quick ratio of 3.36. The company has a market cap of $796.77 million, a price-to-earnings ratio of 3.09 and a beta of 0.34. The business’s fifty day moving average price is $4.57 and its 200 day moving average price is $4.92.

PPDAI Group (NYSE:FINV) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.28 earnings per share for the quarter. The business had revenue of $500.91 million during the quarter. PPDAI Group had a return on equity of 12.31% and a net margin of 14.49%.

Institutional Investors Weigh In On PPDAI Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in shares of PPDAI Group by 57.7% in the fourth quarter. Farther Finance Advisors LLC now owns 5,695 shares of the company’s stock worth $30,000 after acquiring an additional 2,083 shares during the period. FourThought Financial Partners LLC acquired a new stake in PPDAI Group during the 4th quarter valued at approximately $120,000. Abacus Wealth Partners LLC acquired a new stake in PPDAI Group during the 4th quarter valued at approximately $221,000. Royal Bank of Canada raised its holdings in PPDAI Group by 114.5% during the 1st 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 last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 worth $4,584,000 after purchasing an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 31.15% of the company’s stock.

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.