PPDAI Group (NYSE:FINV) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen cut shares of PPDAI Group (NYSE:FINV) from a strong-buy rating to a buy rating in a report released on Saturday.

Separately, Weiss Ratings downgraded shares of PPDAI Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $11.55.

PPDAI Group Stock Down 1.1%

Shares of PPDAI Group stock opened at $5.96 on Friday. PPDAI Group has a 1 year low of $5.48 and a 1 year high of $11.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.89 and a quick ratio of 2.89. The company has a 50-day moving average of $6.90 and a 200 day moving average of $8.25. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 4.02 and a beta of 0.37.

PPDAI Group (NYSE:FINV) last announced its earnings results on Wednesday, August 20th. The company reported $0.41 earnings per share for the quarter. PPDAI Group had a net margin of 20.28% and a return on equity of 18.88%. The business had revenue of $499.46 million during the quarter. PPDAI Group has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Kingswood Wealth Advisors LLC bought a new stake in PPDAI Group in the 3rd quarter worth approximately $94,000. Russell Investments Group Ltd. increased its position in shares of PPDAI Group by 7.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 510,777 shares of the company’s stock valued at $4,869,000 after purchasing an additional 33,207 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of PPDAI Group by 246.7% in the 2nd quarter. SG Americas Securities LLC now owns 103,163 shares of the company’s stock worth $978,000 after purchasing an additional 73,410 shares during the period. Farther Finance Advisors LLC bought a new stake in PPDAI Group during the second quarter valued at approximately $31,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 buying an additional 12,000 shares during the last quarter. 31.15% of the stock is owned by hedge funds and other institutional investors.

About PPDAI Group

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.