PPDAI Group (NYSE:FINV) Sets New 12-Month Low - Time to Sell?

Key Points

• PPDAI Group (FINV) fell to a new 52-week low of $2.89, well below its 50-day moving average of $3.91 and 200-day moving average of $4.57.
• Analyst sentiment is weak: 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.”
• The company reported quarterly earnings of $0.28 per share on $500.91 million in revenue, with a 14.49% net margin and 12.31% return on equity; institutional investors own 31.15% of the shares.

PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Get Free Report) reached a new 52-week low during mid-day trading on Monday. The company traded as low as $2.89 and last traded at $2.9180, with a volume of 151 shares. The stock had previously closed at $2.90.

Analyst Ratings Changes

Several analysts recently commented on FINV shares. Weiss Ratings downgraded shares of PPDAI Group from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday. Citigroup restated a "neutral" rating and set a $4.10 price objective (down from $8.10) on shares of PPDAI Group in a research report on Friday, August 28th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, PPDAI Group currently has a consensus rating of "Reduce" and a consensus target price of $4.10.

PPDAI Group Price 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 company has a 50 day moving average of $3.91 and a 200-day moving average of $4.57. The firm has a market capitalization of $716.73 million, a P/E ratio of 2.78 and a beta of 0.33.

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

Institutional Trading of PPDAI Group

A hedge fund recently bought a new stake in PPDAI Group stock. Engineers Gate Manager LP bought a new position in shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,543 shares of the company's stock, valued at approximately $122,000. Institutional investors own 31.15% of the company's stock.

PPDAI Group Company Profile

PPDAI Group Inc, now known as FinVolution Group, is a Chinese fintech company that operates an online consumer finance platform. The company uses technology, data analytics and risk-management tools to connect individual borrowers with funding sources and facilitate unsecured consumer loans.

Its services generally include borrower acquisition, credit assessment, loan matching and facilitation, payment processing, and post-loan management. FinVolution serves consumers who may have limited access to traditional banking services and works with institutional funding partners and other financial institutions through its technology platform.

Founded in 2007, the company was originally known as PPDAI and later adopted the FinVolution name as part of its broader technology and international strategy.

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