PPDAI Group (NYSE:FINV) Announces Quarterly Earnings Results

PPDAI Group (NYSE:FINV) released its earnings results on Wednesday. The company reported $0.34 earnings per share for the quarter, Zacks reports. PPDAI Group had a return on equity of 18.88% and a net margin of 20.28%. PPDAI Group updated its FY 2025 guidance to EPS.

PPDAI Group Stock Down 8.1%

Shares of PPDAI Group stock traded down $0.49 during trading on Wednesday, hitting $5.48. 2,935,356 shares of the stock traded hands, compared to its average volume of 1,408,362. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $6.82 and its 200 day simple moving average is $8.22. The firm has a market cap of $1.39 billion, a P/E ratio of 3.71 and a beta of 0.37. PPDAI Group has a 52-week low of $5.46 and a 52-week high of $11.08.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of PPDAI Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Wall Street Zen cut shares of PPDAI Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, PPDAI Group currently has an average rating of “Moderate Buy” and an average price target of $11.55.

Institutional Investors Weigh In On PPDAI Group

Large investors have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in shares of PPDAI Group by 114.5% during the first quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock valued at $571,000 after purchasing an additional 31,641 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings 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 buying an additional 12,000 shares during the period. Finally, Millennium Management LLC boosted its position in PPDAI Group by 573.9% during the 1st quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock valued at $10,116,000 after acquiring an additional 894,566 shares in the last quarter. Institutional investors own 31.15% of the company’s stock.

PPDAI Group Company Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.