In yesterday’s Wall Street session, FinVolution Group (NYSE:FINV) shares traded at $5.03, up 2.65% from the previous session.
7 analysts cover FinVolution Group (NYSE:FINV), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $46.27 and a low of $32.90, we find $42.17. Given the previous closing price of $4.90, this indicates a potential upside of 760.61 percent. FINV stock price is now 16.97% away from the 50-day moving average and 8.84% away from the 200-day moving average. The market capitalization of the company currently stands at $1.40B.
The stock has received a hold rating from 1 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $41.61 as their price target over the next twelve months.
With the price target reduced from $5.68 to $5.08, Citigroup Downgraded its rating from Buy to Neutral for FinVolution Group (NYSE: FINV).
A total of 21.59% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FINV stock. A new stake in FinVolution Group shares was purchased by PRUDENTIAL PLC during the first quarter worth $1,256,000. COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS invested $361,000 in shares of FINV during the first quarter. In the first quarter, NEW YORK STATE COMMON RETIREMENT FUND acquired a new stake in FinVolution Group valued at approximately $213,000. RUSSELL INVESTMENTS GROUP, LTD. acquired a new stake in FINV for approximately $173,000. CAMPBELL & CO INVESTMENT ADVISER LLC purchased a new stake in FINV valued at around $170,000 in the second quarter. In total, there are 126 active investors with 40.20% ownership of the company’s stock.
On Thursday morning FinVolution Group (NYSE: FINV) stock kicked off with the opening price of $4.94. During the past 12 months, FinVolution Group has had a low of $3.55 and a high of $5.92. According to the stock market information, the enterprise value for the company is $353.60M, which is based on a 4.34 price-to-earnings ratio, a 2.47 price-to-earnings-growth ratio, and a beta of 0.67. The fifty day moving average price for FINV is $4.32 and a two-hundred day moving average price translates $4.63 for the stock.
The latest earnings results from FinVolution Group (NYSE: FINV) was released for Mar, 2023. The net profit margin was 20.70% and return on equity was 20.10% for FINV. The company reported revenue of $444.21 million for the quarter, compared to $385.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.09 percent.
Moreover, the firm recently paid out its quarterly dividend on 05/05/2023. Investors who held shares on 04/13/2023 were paid a $0.215 dividend. On an annualized basis, this represents a $0.21 dividend and a 4.27% percent yield. There was an ex-dividend date of 04/12/2023 for this dividend.
FinVolution Group(FINV) Company Profile
FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by proprietary technologies connects underserved 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. FinVolution Group was founded in 2007 and is headquartered in Shanghai, the People’s Republic of China.
