PPDAI Group (NYSE:PPDF) Stock Rating Lowered by ValuEngine

PPDAI Group (NYSE:PPDF) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, April 11th, ValuEngine reports.

Separately, Zacks Investment Research raised shares of PPDAI Group from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research report on Tuesday, February 12th.

Shares of PPDF opened at $6.02 on Thursday. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 5.38 and a beta of 1.98. PPDAI Group has a fifty-two week low of $2.85 and a fifty-two week high of $8.45.

PPDAI Group (NYSE:PPDF) last issued its quarterly earnings results on Thursday, March 14th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.12. PPDAI Group had a return on equity of 48.37% and a net margin of 57.23%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm posted ($5.82) EPS. PPDAI Group’s revenue was up 34.6% on a year-over-year basis. Equities research analysts anticipate that PPDAI Group will post 0.97 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of PPDF. FMR LLC acquired a new stake in shares of PPDAI Group in the 3rd quarter valued at about $16,766,000. New Silk Road Investment PTE Ltd. acquired a new stake in shares of PPDAI Group in the 1st quarter valued at about $2,544,000. Two Sigma Investments LP acquired a new stake in shares of PPDAI Group in the 4th quarter valued at about $1,036,000. Massachusetts Institute of Technology acquired a new stake in PPDAI Group during the fourth quarter worth about $871,000. Finally, Barclays PLC raised its stake in PPDAI Group by 856.2% during the fourth quarter. Barclays PLC now owns 193,857 shares of the company’s stock worth $698,000 after acquiring an additional 173,583 shares during the period. 9.73% of the stock is owned by institutional investors.

PPDAI Group Company Profile

PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard, handy cash, consumption, and other loan products; and investment services to investors and institutional funding partners.

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