PPDAI Group (NYSE:FINV) Lowered to Buy Rating by Wall Street Zen

Key Points

• PPDAI Group's stock rating has been downgraded from "strong-buy" to "buy" by Wall Street Zen, while UBS Group upgraded it from "neutral" to "buy" with a price objective increase from $11.80 to $12.10.
• The consensus rating for PPDAI Group is currently "Buy" with a target price of $11.55, and the stock is trading at approximately $9.44.
• Hedge funds have significantly increased their stakes in PPDAI Group, with Millennium Management LLC increasing its stake by 573.9% in the first quarter of the year.

Wall Street Zen lowered shares of PPDAI Group (NYSE:FINV - Free Report) from a strong-buy rating to a buy rating in a report published on Saturday.

Separately, UBS Group upgraded shares of PPDAI Group from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $11.80 to $12.10 in a report on Friday, May 23rd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, PPDAI Group presently has a consensus rating of "Buy" and a consensus target price of $11.55.

PPDAI Group Trading Down 1.2%

Shares of FINV traded down $0.10 on Friday, reaching $8.46. 732,665 shares of the company's stock were exchanged, compared to its average volume of 1,363,257. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2.14 billion, a P/E ratio of 5.70 and a beta of 0.35. The business has a 50 day moving average price of $9.37 and a two-hundred day moving average price of $8.83. PPDAI Group has a 12 month low of $5.14 and a 12 month high of $11.08.

PPDAI Group (NYSE:FINV - Get Free Report) last issued its quarterly earnings data 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 Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new position in PPDAI Group during the second quarter worth $31,000. Quantbot Technologies LP acquired a new position in PPDAI Group during the first quarter worth $62,000. NewEdge Advisors LLC boosted its holdings in PPDAI Group by 381.1% during the fourth quarter. NewEdge Advisors LLC now owns 12,624 shares of the company's stock worth $86,000 after purchasing an additional 10,000 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in PPDAI Group during the fourth quarter worth $90,000. Finally, Lighthouse Investment Partners LLC acquired a new position in PPDAI Group during the fourth quarter worth $99,000. Institutional investors and hedge funds own 31.15% of the company's stock.

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.