PPDAI Group (NYSE:FINV) Hits New 12-Month Low – Should You Sell?

Shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV) hit a new 52-week low on Monday . The stock traded as low as $4.31 and last traded at $4.3050, with a volume of 152658 shares trading hands. The stock had previously closed at $4.38.

Analysts Set New Price Targets

Separately, Weiss Ratings cut PPDAI Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

PPDAI Group Stock Down 2.2%

The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 3.60 and a beta of 0.36. The stock has a 50 day moving average of $4.78 and a 200 day moving average of $5.03. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.07.

PPDAI Group (NYSE:FINV) last released its quarterly earnings data on Monday, May 25th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. PPDAI Group had a net margin of 16.58% and a return on equity of 14.22%. The firm had revenue of $465.58 million during the quarter, compared to the consensus estimate of $438.70 million.

Insider Buying and Selling

In other PPDAI Group news, Director Bing Xiang sold 75,000 shares of PPDAI Group stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $1.07, for a total value of $80,250.00. Following the completion of the transaction, the director directly owned 18,750 shares in the company, valued at $20,062.50. The trade was a 80.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 44.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PPDAI Group

A number of hedge funds have recently added to or reduced their stakes in FINV. Millennium Management LLC grew its position in shares of PPDAI Group by 573.9% during 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in 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 during the period. Royal Bank of Canada boosted its stake in 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 during the period. Abacus Wealth Partners LLC bought a new position in PPDAI Group in the 4th quarter worth about $221,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of PPDAI Group in the fourth quarter valued at approximately $120,000. 31.15% of the stock is currently 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.