FinVolution Group (FINV) Scheduled to Post Quarterly Earnings on Monday

FinVolution Group (NYSE:FINV) is set to issue its quarterly earnings data after the market closes on Monday, November 20th. Parties that wish to listen to the company’s conference call can do so using this link.

FinVolution Group (NYSE:FINV) last posted its quarterly earnings results on Monday, August 28th. The company reported $0.28 EPS for the quarter. FinVolution Group had a net margin of 19.79% and a return on equity of 19.92%. The firm had revenue of $424.16 million for the quarter.

FinVolution Group Stock Up 2.6 %

Shares of NYSE:FINV opened at $5.05 on Friday. FinVolution Group has a 52-week low of $3.55 and a 52-week high of $6.05. The company has a 50 day moving average of $4.89 and a two-hundred day moving average of $4.82. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 4.24 and a beta of 0.74.

Wall Street Analyst Weigh In

Separately, Daiwa Capital Markets began coverage on shares of FinVolution Group in a research report on Tuesday, July 25th. They issued a “buy” rating and a $6.70 price objective for the company.

Institutional Trading of FinVolution Group

Several large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in shares of FinVolution Group during the second quarter worth approximately $37,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FinVolution Group during the second quarter worth approximately $57,000. Vident Investment Advisory LLC acquired a new position in FinVolution Group in the fourth quarter worth $58,000. Squarepoint Ops LLC acquired a new position in FinVolution Group in the first quarter worth $61,000. Finally, SVB Wealth LLC acquired a new position in FinVolution Group in the second quarter worth $61,000. Institutional investors and hedge funds own 31.15% of the company’s stock.

FinVolution Group 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.