PPDAI Group (NYSE:FINV) Earns Buy (B-) Rating from Weiss Ratings

Key Points

• PPDAI Group's stock received a reaffirmed "buy (B-)" rating from Weiss Ratings and was upgraded to "strong-buy" by Wall Street Zen.
• The stock is currently trading at approximately $7.17, with a market cap of $1.82 billion, and an average price target of $11.55.
• In its latest quarterly earnings report, PPDAI Group posted $0.41 earnings per share and reported revenue of $499.46 million for the quarter.

PPDAI Group (NYSE:FINV - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised PPDAI Group from a "buy" rating to a "strong-buy" rating in a report on Friday, September 26th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $11.55.

PPDAI Group Stock Up 1.1%

Shares of NYSE:FINV opened at $7.17 on Wednesday. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 4.84 and a beta of 0.36. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.06. PPDAI Group has a 12-month low of $5.72 and a 12-month high of $11.08. The business's 50 day moving average is $8.17 and its 200 day moving average is $8.64.

PPDAI Group (NYSE:FINV - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The company reported $0.41 earnings per share for the quarter. PPDAI Group had a return on equity of 18.88% and a net margin of 20.28%.The business had revenue of $499.46 million for the quarter. PPDAI Group has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On PPDAI Group

Hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC raised its stake in shares of PPDAI Group by 2.5% in the first quarter. Cerity Partners LLC now owns 59,268 shares of the company's stock worth $571,000 after purchasing an additional 1,439 shares during the last quarter. SG Americas Securities LLC increased its position in PPDAI Group by 5.5% during the first quarter. SG Americas Securities LLC now owns 29,753 shares of the company's stock valued at $287,000 after acquiring an additional 1,554 shares during the last quarter. D Orazio & Associates Inc. increased its position in PPDAI Group by 4.4% during the first quarter. D Orazio & Associates Inc. now owns 47,576 shares of the company's stock valued at $458,000 after acquiring an additional 2,011 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in PPDAI Group by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 26,369 shares of the company's stock valued at $254,000 after purchasing an additional 2,647 shares during the period. Finally, Cetera Investment Advisers grew its holdings in 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 purchasing an additional 3,125 shares during the period. 31.15% of the stock is owned by institutional investors.

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.

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