PPDAI Group (NYSE:FINV) Stock Price Up 6.1% - Here's Why

Key Points

• PPDAI Group shares rose 6.1% to about $3.61 in midday trading, though volume was 68% below the average session level.
• Analysts maintain a generally cautious outlook: Citigroup reiterated a “Neutral” rating and lowered its price target to $4.10, while the average analyst rating remains “Hold.”
• The company reported quarterly revenue of $500.91 million and earnings of $0.28 per share, with a 14.49% net margin; institutional investors own 31.15% of its stock.

PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Get Free Report)'s stock price was up 6.1% during mid-day trading on Monday . The company traded as high as $3.59 and last traded at $3.6080. 315,933 shares were traded during trading, a decline of 68% from the average session volume of 998,273 shares. The stock had previously closed at $3.40.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings lowered PPDAI Group from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 9th. Citigroup restated a "neutral" rating and set a $4.10 price target (down from $8.10) on shares of PPDAI Group in a research report on Friday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $4.10.

PPDAI Group Price Performance

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 market capitalization of $875.84 million, a P/E ratio of 3.40 and a beta of 0.36. The business has a fifty day moving average of $4.65 and a 200-day moving average of $4.96.

PPDAI Group (NYSE:FINV - Get Free Report) last announced its earnings results on Friday, August 14th. The company reported $0.28 earnings per share for the quarter. PPDAI Group had a return on equity of 12.42% and a net margin of 14.49%.The firm had revenue of $500.91 million for the quarter.

Hedge Funds Weigh In On PPDAI Group

Several large investors have recently bought and sold shares of FINV. Farther Finance Advisors LLC raised its stake in shares of PPDAI Group by 57.7% in the 4th 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 in the last quarter. FourThought Financial Partners LLC bought a new stake in PPDAI Group in the fourth quarter worth about $120,000. Abacus Wealth Partners LLC acquired a new stake in PPDAI Group in the 4th quarter valued at about $221,000. Royal Bank of Canada boosted its position in shares of PPDAI Group by 114.5% during the 1st quarter. Royal Bank of Canada now owns 59,266 shares of the company's stock valued at $571,000 after purchasing an additional 31,641 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of PPDAI Group by 2.6% during 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 valued at $4,584,000 after purchasing an additional 12,000 shares in the last quarter. Institutional investors and hedge funds own 31.15% of the company's stock.

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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