PPDAI Group (NYSE:FINV) Sets New 52-Week Low - Time to Sell?

Key Points

• PPDAI Group shares hit a new 52-week low, falling to $3.21 before last trading at $3.26, down 1.2% from the prior close.
• Analyst sentiment remains cautious: Weiss Ratings upgraded the stock to “hold,” while Citigroup maintained a “neutral” rating and cut its price target to $4.10 from $8.10. The overall consensus is “Hold.”
• The company reported quarterly earnings of $0.28 per share on $500.91 million in revenue, with a 14.49% net margin; institutional investors and hedge funds own 31.15% of the stock.

Shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $3.21 and last traded at $3.26, with a volume of 573764 shares changing hands. The stock had previously closed at $3.30.

Analyst Ratings Changes

FINV has been the topic of a number of recent research reports. Weiss Ratings raised PPDAI Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday. Citigroup reissued a "neutral" rating and issued a $4.10 target price (down from $8.10) on shares of PPDAI Group in a research note on Friday, August 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $4.10.

PPDAI Group Trading Down 1.2%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.84 and a current ratio of 2.84. The firm has a market capitalization of $793.13 million, a PE ratio of 3.08 and a beta of 0.34. The stock's 50-day simple moving average is $4.21 and its 200-day simple moving average is $4.71.

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 business had revenue of $500.91 million for the quarter.

Hedge Funds Weigh In On PPDAI Group

A hedge fund recently bought a new position in PPDAI Group stock. Squarepoint Ops LLC bought a new position in PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 24,880 shares of the company's stock, valued at approximately $119,000. 31.15% of the stock is owned by institutional investors and hedge funds.

PPDAI Group Company Profile

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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