Wall Street Zen Downgrades PPDAI Group (NYSE:FINV) to Buy

PPDAI Group (NYSE:FINV) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Separately, UBS Group upgraded PPDAI Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $11.80 to $12.10 in a research note on Friday, May 23rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, PPDAI Group has an average rating of “Buy” and an average price target of $11.55.

PPDAI Group Stock Performance

NYSE FINV opened at $9.4350 on Friday. The company has a market cap of $2.39 billion, a P/E ratio of 6.38 and a beta of 0.35. 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 stock has a 50-day moving average of $9.39 and a two-hundred day moving average of $8.83. PPDAI Group has a 1-year low of $5.14 and a 1-year high of $11.08.

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

Institutional Investors Weigh In On PPDAI Group

Several institutional investors have recently added to or reduced their stakes in the business. Cerity Partners LLC lifted its stake in PPDAI Group by 2.5% during the first quarter. Cerity Partners LLC now owns 59,268 shares of the company’s stock worth $571,000 after purchasing an additional 1,439 shares during the last quarter. WealthCollab LLC lifted its stake in PPDAI Group by 8.5% during the fourth quarter. WealthCollab LLC now owns 18,708 shares of the company’s stock worth $127,000 after purchasing an additional 1,459 shares during the last quarter. SG Americas Securities LLC lifted its stake in PPDAI Group by 5.5% during the first quarter. SG Americas Securities LLC now owns 29,753 shares of the company’s stock worth $287,000 after purchasing an additional 1,554 shares during the last quarter. D Orazio & Associates Inc. lifted its stake in PPDAI Group by 4.4% during the first quarter. D Orazio & Associates Inc. now owns 47,576 shares of the company’s stock worth $458,000 after purchasing an additional 2,011 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in PPDAI Group by 5.3% during the fourth quarter. LPL Financial LLC now owns 44,870 shares of the company’s stock worth $305,000 after purchasing an additional 2,257 shares during the last quarter. Hedge funds and other institutional investors 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.