PPDAI Group (NYSE:FINV) Sets New 1-Year Low - Should You Sell?

Key Points

• PPDAI Group shares hit a new 52-week low, falling to $4.23 and last trading at $4.2150, below the prior close of $4.37. The stock’s 50-day and 200-day moving averages were $4.70 and $4.99, respectively.
• Analyst sentiment remains cautious: Weiss Ratings downgraded the stock from “hold (c)” to “hold (c-),” while the broader analyst consensus is “Hold.”
• Despite the weak share performance, the company recently beat quarterly expectations, reporting $0.26 in EPS versus $0.23 expected and revenue of $465.58 million versus $438.70 million expected. Institutional investors owned 31.15% of shares, while insiders owned 44% after a director sold 75,000 shares.

PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $4.23 and last traded at $4.2150, with a volume of 75901 shares. The stock had previously closed at $4.37.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of PPDAI Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold".

PPDAI Group Price Performance

The firm has a market capitalization of $1.05 billion, a P/E ratio of 3.62 and a beta of 0.36. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.36 and a current ratio of 3.36. The firm has a 50-day moving average of $4.70 and a 200-day moving average of $4.99.

PPDAI Group (NYSE:FINV - Get Free Report) last issued its earnings results on Monday, May 25th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. The business had revenue of $465.58 million for the quarter, compared to the consensus estimate of $438.70 million. PPDAI Group had a return on equity of 14.22% and a net margin of 16.58%.

Insiders Place Their Bets

In related news, Director Bing Xiang sold 75,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $1.07, for a total transaction of $80,250.00. Following the transaction, the director owned 18,750 shares in the company, valued at $20,062.50. This represents a 80.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 44.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PPDAI Group

Several hedge funds and other institutional investors have recently modified their holdings of FINV. Millennium Management LLC grew its holdings in shares of PPDAI Group by 573.9% in the first quarter. Millennium Management LLC now owns 1,050,439 shares of the company's stock worth $10,116,000 after acquiring an additional 894,566 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in PPDAI Group by 2.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 475,988 shares of the company's stock valued at $4,584,000 after acquiring an additional 12,000 shares during the period. Royal Bank of Canada boosted its position in PPDAI Group by 114.5% in the first quarter. Royal Bank of Canada now owns 59,266 shares of the company's stock worth $571,000 after purchasing an additional 31,641 shares during the last quarter. Abacus Wealth Partners LLC purchased a new position in PPDAI Group in the fourth quarter worth about $221,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of PPDAI Group during the 4th quarter valued at about $120,000. 31.15% of the stock is owned by institutional investors.

PPDAI Group Company Profile

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.

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