PPDAI Group (NYSE:FINV) Shares Down 0.4% – Here’s Why

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) shares traded down 0.4% during trading on Friday . The stock traded as low as $5.17 and last traded at $5.20. 1,677,770 shares changed hands during trading, a decline of 5% from the average session volume of 1,760,301 shares. The stock had previously closed at $5.22.

Wall Street Analyst Weigh In

Several research firms have recently commented on FINV. Weiss Ratings restated a “hold (c)” rating on shares of PPDAI Group in a research note on Monday. Wall Street Zen downgraded shares of PPDAI Group from a “buy” rating to a “hold” rating in a research report on Sunday, November 23rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.55.

PPDAI Group Stock Down 0.4%

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 company has a market capitalization of $1.32 billion, a PE ratio of 3.54 and a beta of 0.38. The firm’s 50-day simple moving average is $5.73 and its 200 day simple moving average is $7.68.

PPDAI Group (NYSE:FINV) last issued its earnings results on Thursday, November 20th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $489.73 million for the quarter, compared to analyst estimates of $510.18 million. PPDAI Group had a return on equity of 18.33% and a net margin of 19.98%.

Institutional Trading of PPDAI Group

Several large investors have recently modified their holdings of FINV. Farther Finance Advisors LLC purchased a new stake in PPDAI Group in the 2nd quarter valued at approximately $31,000. Quantbot Technologies LP purchased a new stake in shares of PPDAI Group in the first quarter valued at $62,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of PPDAI Group during the third quarter valued at $94,000. Cetera Investment Advisers boosted its stake in shares of PPDAI Group by 21.5% during the first quarter. Cetera Investment Advisers now owns 17,660 shares of the company’s stock valued at $170,000 after acquiring an additional 3,125 shares during the last quarter. Finally, Ascent Group LLC increased its position in PPDAI Group by 15.9% during the 1st quarter. Ascent Group LLC now owns 29,977 shares of the company’s stock worth $289,000 after purchasing an additional 4,111 shares in the last quarter. 31.15% of the stock is currently owned by institutional investors and hedge funds.

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.