PPDAI Group Inc – (NYSE:PPDF) gapped up prior to trading on Thursday . The stock had previously closed at $2.13, but opened at $2.21. PPDAI Group shares last traded at $2.06, with a volume of 161,657 shares.
PPDF has been the subject of several recent analyst reports. ValuEngine raised PPDAI Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group upgraded PPDAI Group from a “neutral” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Credit Suisse Group restated an “outperform” rating and set a $5.80 price target on shares of PPDAI Group in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $5.18.
The company has a fifty day simple moving average of $2.86 and a two-hundred day simple moving average of $3.90. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.01. The company has a market cap of $657.14 million, a PE ratio of 2.30 and a beta of 1.49.
PPDAI Group (NYSE:PPDF) last announced its quarterly earnings data on Tuesday, November 19th. The company reported $1.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.91 by ($0.02). PPDAI Group had a net margin of 52.42% and a return on equity of 45.31%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm earned $2.07 earnings per share. The firm’s quarterly revenue was up 35.0% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its holdings in PPDAI Group by 2.8% during the second quarter. Wells Fargo & Company MN now owns 10,083,850 shares of the company’s stock valued at $43,865,000 after acquiring an additional 273,000 shares during the period. JPMorgan Chase & Co. grew its stake in shares of PPDAI Group by 266.6% during the second quarter. JPMorgan Chase & Co. now owns 1,781,366 shares of the company’s stock valued at $7,589,000 after purchasing an additional 1,295,462 shares during the last quarter. Krane Funds Advisors LLC boosted its stake in PPDAI Group by 48.3% in the second quarter. Krane Funds Advisors LLC now owns 1,602,712 shares of the company’s stock valued at $6,972,000 after acquiring an additional 522,218 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of PPDAI Group by 855.3% during the second quarter. Acadian Asset Management LLC now owns 1,077,495 shares of the company’s stock worth $4,684,000 after purchasing an additional 964,699 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of PPDAI Group by 28,560.7% during the second quarter. BlackRock Inc. now owns 758,361 shares of the company’s stock worth $3,300,000 after purchasing an additional 755,715 shares in the last quarter. 13.10% of the stock is currently owned by institutional investors.
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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