PPDAI Group (NYSE:FINV) Shares Down 3.3% – Time to Sell?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV)’s share price was down 3.3% during trading on Friday . The company traded as low as $4.95 and last traded at $4.9990. Approximately 1,556,108 shares were traded during mid-day trading, an increase of 56% from the average daily volume of 995,721 shares. The stock had previously closed at $5.17.

Analyst Ratings Changes

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

PPDAI Group Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.86 and a current ratio of 2.86. The business’s fifty day simple moving average is $5.38 and its 200 day simple moving average is $7.29. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 3.40 and a beta of 0.34.

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 analysts’ consensus estimates of $0.36 by ($0.02). PPDAI Group had a return on equity of 18.33% and a net margin of 19.98%.The business had revenue of $489.73 million for the quarter, compared to analysts’ expectations of $510.18 million.

Hedge Funds Weigh In On PPDAI Group

A number of institutional investors have recently made changes to their positions in FINV. Farther Finance Advisors LLC acquired a new stake in shares of PPDAI Group in the second quarter valued at approximately $31,000. Ascent Group LLC boosted its position in shares of PPDAI Group by 15.9% during the first quarter. Ascent Group LLC now owns 29,977 shares of the company’s stock worth $289,000 after buying an additional 4,111 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 buying an additional 12,000 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in PPDAI Group in the 3rd quarter worth approximately $94,000. Finally, SG Americas Securities LLC increased its position in PPDAI Group by 110.4% in the 4th quarter. SG Americas Securities LLC now owns 26,404 shares of the company’s stock valued at $138,000 after acquiring an additional 13,855 shares during the period. 31.15% of the stock is owned by institutional investors and hedge funds.

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.