PPDAI Group (NYSE:FINV) Releases Earnings Results

PPDAI Group (NYSE:FINV) posted its quarterly earnings results on Wednesday. The company reported $0.34 EPS for the quarter, Zacks reports. PPDAI Group had a net margin of 20.28% and a return on equity of 18.88%. PPDAI Group updated its FY 2025 guidance to EPS.

PPDAI Group Stock Performance

Shares of NYSE FINV traded down $0.49 during mid-day trading on Wednesday, hitting $5.48. The company had a trading volume of 2,935,069 shares, compared to its average volume of 1,408,216. PPDAI Group has a 12 month low of $5.46 and a 12 month high of $11.08. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 3.71 and a beta of 0.37. 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 firm’s 50 day simple moving average is $6.82 and its two-hundred day simple moving average is $8.22.

Analyst Ratings Changes

Several research firms have commented on FINV. Wall Street Zen lowered PPDAI Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings downgraded PPDAI Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.55.

Hedge Funds Weigh In On PPDAI Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of PPDAI Group by 2.6% in 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 worth $4,584,000 after acquiring an additional 12,000 shares during the period. Millennium Management LLC boosted its stake in PPDAI Group by 573.9% during the 1st quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock valued at $10,116,000 after purchasing an additional 894,566 shares during the period. Finally, Royal Bank of Canada grew its position in 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 last quarter. Institutional investors and hedge funds own 31.15% of the company’s stock.

PPDAI Group Company Profile

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.