PPDAI Group (NYSE:FINV) Reaches New 52-Week Low – Here’s What Happened

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) shares reached a new 52-week low on Tuesday . The company traded as low as $3.36 and last traded at $3.3450, with a volume of 642123 shares. The stock had previously closed at $3.67.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FINV shares. Citigroup reaffirmed a “neutral” rating and issued a $4.10 price target (down from $8.10) on shares of PPDAI Group in a research report on Friday. Weiss Ratings lowered shares of PPDAI Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $4.10.

PPDAI Group Price Performance

The company’s 50-day moving average price is $4.63 and its 200-day moving average price is $4.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.36 and a quick ratio of 3.36. The company has a market cap of $784.61 million, a P/E ratio of 3.04 and a beta of 0.36.

PPDAI Group (NYSE:FINV) last released its quarterly earnings results on Friday, August 14th. The company reported $0.28 earnings per share for the quarter. The firm had revenue of $500.91 million during the quarter. PPDAI Group had a return on equity of 12.42% and a net margin of 14.49%.

Institutional Investors Weigh In On PPDAI Group

A number of large investors have recently added to or reduced their stakes in FINV. Farther Finance Advisors LLC grew its holdings in PPDAI Group by 57.7% in the 4th quarter. Farther Finance Advisors LLC now owns 5,695 shares of the company’s stock valued at $30,000 after buying an additional 2,083 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in shares of PPDAI Group in the fourth quarter valued at about $120,000. Abacus Wealth Partners LLC bought a new position in PPDAI Group during the fourth quarter worth about $221,000. Royal Bank of Canada increased its position in PPDAI Group by 114.5% during the first quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock worth $571,000 after acquiring an additional 31,641 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 purchasing an additional 12,000 shares in the last quarter. Institutional investors own 31.15% of the company’s stock.

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.