PPDAI Group Inc – (NYSE:PPDF) Given $5.50 Average Target Price by Brokerages

Shares of PPDAI Group Inc – (NYSE:PPDF) have earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Analysts have set a 1 year consensus target price of $5.50 for the company and are predicting that the company will post $0.23 earnings per share for the current quarter, according to Zacks. Zacks has also given PPDAI Group an industry rank of 216 out of 256 based on the ratings given to related companies.

PPDF has been the topic of a number of analyst reports. ValuEngine upgraded PPDAI Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th. Zacks Investment Research lowered PPDAI Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, TheStreet lowered PPDAI Group from a “c-” rating to a “d” rating in a research note on Monday, May 20th.

A number of institutional investors have recently bought and sold shares of PPDF. FMR LLC grew its position in PPDAI Group by 65.3% during the fourth quarter. FMR LLC now owns 5,151,344 shares of the company’s stock worth $18,545,000 after buying an additional 2,035,066 shares in the last quarter. Wells Fargo & Company MN grew its position in PPDAI Group by 11.9% during the first quarter. Wells Fargo & Company MN now owns 9,810,850 shares of the company’s stock worth $37,085,000 after buying an additional 1,046,000 shares in the last quarter. New Silk Road Investment PTE Ltd. purchased a new position in PPDAI Group during the first quarter worth about $2,544,000. Two Sigma Investments LP purchased a new position in PPDAI Group during the fourth quarter worth about $1,036,000. Finally, Massachusetts Institute of Technology purchased a new position in PPDAI Group during the fourth quarter worth about $871,000. Institutional investors and hedge funds own 8.76% of the company’s stock.

Shares of PPDF traded up $0.01 during mid-day trading on Wednesday, hitting $4.24. The stock had a trading volume of 873,200 shares, compared to its average volume of 1,226,533. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 3.79 and a beta of 1.88. The stock’s fifty day moving average price is $4.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.32 and a current ratio of 2.32. PPDAI Group has a 52 week low of $2.85 and a 52 week high of $6.95.

PPDAI Group (NYSE:PPDF) last issued its earnings results on Wednesday, May 15th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.10. PPDAI Group had a return on equity of 48.73% and a net margin of 56.74%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.23 billion. The firm’s revenue was up 571.1% on a year-over-year basis. As a group, research analysts predict that PPDAI Group will post 0.97 earnings per share for the current year.

About PPDAI Group

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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