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

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $3.36 and last traded at $3.3450, with a volume of 642123 shares. The stock had previously closed at $3.67.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FINV. Citigroup reaffirmed 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, August 28th. Weiss Ratings lowered shares of PPDAI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 28th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, PPDAI Group presently has an average rating of “Reduce” and a consensus price target of $4.10.

PPDAI Group Trading Up 3.5%

The company has a market capitalization of $835.70 million, a P/E ratio of 3.24 and a beta of 0.34. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.84 and a quick ratio of 3.36. The firm has a fifty day moving average price of $4.57 and a 200-day moving average price of $4.92.

PPDAI Group (NYSE:FINV) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.28 EPS for the quarter. The business had revenue of $500.91 million for the quarter. PPDAI Group had a return on equity of 12.31% and a net margin of 14.49%.

Institutional Trading of PPDAI Group

Hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its stake in PPDAI Group by 573.9% in the first 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 during the last quarter. Abacus Wealth Partners LLC bought a new stake in shares of PPDAI Group in the 4th quarter worth approximately $221,000. Royal Bank of Canada raised its holdings in shares of PPDAI Group by 114.5% in the 1st quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock worth $571,000 after purchasing an additional 31,641 shares during the period. FourThought Financial Partners LLC purchased a new position in PPDAI Group in the fourth quarter valued at approximately $120,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in PPDAI Group by 2.6% during the first 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. Institutional investors 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.