Shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.36 and last traded at $3.3450, with a volume of 642123 shares traded. The stock had previously closed at $3.67.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on FINV shares. Citigroup reiterated a "neutral" rating and set a $4.10 target price (down from $8.10) on shares of PPDAI Group in a research report on Friday. Weiss Ratings lowered PPDAI Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $4.10.
Get Our Latest Stock Report on FINV
PPDAI Group Stock Performance
The firm has a market cap of $784.61 million, a PE ratio of 3.04 and a beta of 0.36. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average price of $4.63 and a 200 day moving average price of $4.95.
PPDAI Group (NYSE:FINV - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.28 EPS for the quarter. PPDAI Group had a return on equity of 12.42% and a net margin of 14.49%.The business had revenue of $500.91 million during the quarter.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. FourThought Financial Partners LLC purchased a new stake in shares of PPDAI Group during the fourth quarter valued at $120,000. Abacus Wealth Partners LLC purchased a new position in PPDAI Group during the 4th quarter worth approximately $221,000. Farther Finance Advisors LLC boosted its position in shares of PPDAI Group by 57.7% in the fourth quarter. Farther Finance Advisors LLC now owns 5,695 shares of the company's stock worth $30,000 after buying an additional 2,083 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in PPDAI Group by 2.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 475,988 shares of the company's stock worth $4,584,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Millennium Management LLC grew its stake in PPDAI Group by 573.9% during the 1st quarter. Millennium Management LLC now owns 1,050,439 shares of the company's stock valued at $10,116,000 after acquiring an additional 894,566 shares in the last quarter. 31.15% of the stock is owned by institutional investors and hedge funds.
About PPDAI Group
(
Get Free Report)
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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