PPDAI Group (NYSE:FINV) Sets New 1-Year Low – Should You Sell?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.23 and last traded at $4.2150, with a volume of 75901 shares. The stock had previously closed at $4.37.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of PPDAI Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

PPDAI Group Price Performance

The firm has a market cap of $1.05 billion, a PE ratio of 3.62 and a beta of 0.36. The firm’s fifty day simple moving average is $4.70 and its two-hundred day simple moving average is $4.99. 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 announced its quarterly earnings data on Monday, May 25th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $465.58 million during the quarter, compared to analysts’ expectations of $438.70 million. PPDAI Group had a net margin of 16.58% and a return on equity of 14.22%.

Insider Buying and Selling at PPDAI Group

In related news, Director Bing Xiang sold 75,000 shares of PPDAI Group stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $1.07, for a total transaction of $80,250.00. Following the transaction, the director owned 18,750 shares in the company, valued at approximately $20,062.50. The trade was a 80.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 44.00% of the company’s stock.

Institutional Investors Weigh In On PPDAI Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in shares of PPDAI Group by 57.7% during the fourth quarter. Farther Finance Advisors LLC now owns 5,695 shares of the company’s stock worth $30,000 after purchasing an additional 2,083 shares during the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of PPDAI Group by 28.5% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 16,462 shares of the company’s stock worth $86,000 after purchasing an additional 3,655 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 valued at $4,584,000 after purchasing an additional 12,000 shares during the last quarter. FourThought Financial Partners LLC purchased a new stake in shares of PPDAI Group in the 4th quarter valued at about $120,000. Finally, Royal Bank of Canada boosted its position 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 valued at $571,000 after purchasing an additional 31,641 shares during the period. 31.15% of the stock is 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.