PPDAI Group (NYSE:FINV) Hits New 12-Month Low - What's Next?

Key Points

• FINV shares hit a new 52-week low, falling to $3.22 during mid-day trading before last trading near $3.24.
• Analyst sentiment is cautious: Weiss Ratings downgraded the stock to “sell,” while Citigroup maintained a “neutral” rating and cut its price target to $4.10. The consensus rating is “Reduce.”
• Despite the stock’s decline, PPDAI reported quarterly EPS of $0.28 on $500.91 million in revenue, with a 14.49% net margin and 12.31% return on equity.

PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $3.22 and last traded at $3.2350, with a volume of 125662 shares changing hands. The stock had previously closed at $3.27.

Wall Street Analyst Weigh In

FINV has been the subject of a number of research reports. Weiss Ratings downgraded PPDAI Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, August 28th. Citigroup reaffirmed a "neutral" rating and issued a $4.10 target price (down from $8.10) on shares of PPDAI Group in a research report on Friday, August 28th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $4.10.

PPDAI Group Stock Performance

The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average price of $4.31 and a 200-day moving average price of $4.77. The firm has a market capitalization of $791.91 million, a price-to-earnings ratio of 3.07 and a beta of 0.34.

PPDAI Group (NYSE:FINV - Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.28 EPS for the quarter. The business had revenue of $500.91 million for the quarter. PPDAI Group had a return on equity of 12.31% and a net margin of 14.49%.

Institutional Trading of PPDAI Group

Several large investors have recently added to or reduced their stakes in the company. FourThought Financial Partners LLC acquired a new stake in PPDAI Group during the fourth quarter worth approximately $120,000. Squarepoint Ops LLC acquired a new position in shares of PPDAI Group in the second quarter valued at approximately $119,000. Engineers Gate Manager LP bought a new position in shares of PPDAI Group during the second quarter worth approximately $122,000. Finally, Abacus Wealth Partners LLC bought a new position in shares of PPDAI Group during the fourth quarter worth approximately $221,000. 31.15% of the stock is owned by institutional investors.

About PPDAI Group

PPDAI Group, now known as FinVolution Group, is a Chinese fintech company that operates an online consumer finance platform. The company uses technology, data analytics and automated risk-management tools to facilitate unsecured personal loans for underserved borrowers who may have limited access to traditional banking services.

Its platform connects borrowers with funding partners and supports the digital lending process, including customer acquisition, credit assessment, loan matching, account management and repayment services.

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