PPDAI Group (NYSE:FINV) Trading 6.1% Higher – Still a Buy?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV)’s stock price shot up 6.1% on Monday . The company traded as high as $3.59 and last traded at $3.6080. Approximately 315,933 shares were traded during trading, a decline of 68% from the average session volume of 998,273 shares. The stock had previously closed at $3.40.

Analyst Ratings Changes

A number of brokerages have recently commented on FINV. Weiss Ratings downgraded PPDAI Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. Citigroup reaffirmed a “neutral” rating and set a $4.10 target price (down from $8.10) on shares of PPDAI Group in a research report on Friday. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $4.10.

PPDAI Group Price Performance

The stock’s fifty day moving average price is $4.65 and its 200-day moving average price is $4.96. 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 firm has a market cap of $875.84 million, a price-to-earnings ratio of 3.40 and a beta of 0.36.

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

Hedge Funds Weigh In On PPDAI Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FINV. Farther Finance Advisors LLC raised its position in shares of PPDAI Group by 57.7% in the fourth quarter. Farther Finance Advisors LLC now owns 5,695 shares of the company’s stock valued at $30,000 after purchasing an additional 2,083 shares during the period. FourThought Financial Partners LLC bought a new stake in shares of PPDAI Group during the 4th quarter worth $120,000. Abacus Wealth Partners LLC acquired a new position in PPDAI Group in the 4th quarter valued at $221,000. Royal Bank of Canada lifted its position in PPDAI Group by 114.5% during the 1st 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 last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in PPDAI Group by 2.6% during 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 acquiring an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 31.15% of the company’s stock.

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.