PPDAI Group (NYSE:FINV) Shares Up 1.5% - Here's What Happened

Key Points

• PPDAI Group's stock price increased by 1.5% to $7.33, with a trading volume surpassing the average by 6%.
• Analysts are optimistic, as Wall Street Zen upgraded the stock from a "buy" to a "strong-buy" rating, contributing to a consensus target price of $11.55.
• The company reported earnings of $0.41 EPS for the most recent quarter with a strong net margin of 20.28% and a return on equity of 18.88%.

PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Get Free Report) shot up 1.5% during trading on Monday . The stock traded as high as $7.47 and last traded at $7.33. 1,460,087 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 1,379,291 shares. The stock had previously closed at $7.22.

Analyst Ratings Changes

Several research firms have recently commented on FINV. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of PPDAI Group in a report on Saturday, September 27th. Wall Street Zen raised shares of PPDAI Group from a "buy" rating to a "strong-buy" rating in a report on Friday, September 26th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $11.55.

PPDAI Group Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.89 and a current ratio of 2.89. The business's 50 day simple moving average is $8.23 and its 200-day simple moving average is $8.66. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 4.95 and a beta of 0.36.

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

Institutional Trading of PPDAI Group

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new stake in shares of PPDAI Group in the 2nd quarter worth approximately $31,000. Quantbot Technologies LP acquired a new stake in shares of PPDAI Group in the 1st quarter worth approximately $62,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of PPDAI Group in the 1st quarter worth approximately $111,000. RHS Financial LLC acquired a new stake in shares of PPDAI Group in the 1st quarter worth approximately $116,000. Finally, Cetera Investment Advisers lifted its stake in shares of PPDAI Group by 21.5% in the 1st quarter. Cetera Investment Advisers now owns 17,660 shares of the company's stock worth $170,000 after acquiring an additional 3,125 shares during the period. 31.15% of the stock is owned by institutional investors and hedge funds.

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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