FinVolution Group (NYSE: FINV): Do Not Miss The Gain Train

Susquehanna Financial Group LLLP has recently announced that it has increased stake in FinVolution Group (NYSE:FINV) by 0.00%. After grabbing 16.49 million shares, the institutional investor is now in possession of 700.0 shares of the Financial Company. The new investment brought the stake of investor firm to 9.74% having worth around $83.6 million. Moreover, BIT Capital GmbH increased its share by 7.33 million to have a control over 13.34 million shares. And Causeway Capital Management LLC raised its holdings to 8.27 million shares by acquiring 8.27 million shares or 4.88% of the stake.

FinVolution Group (FINV) concluded trading on 03/15/23 at a closing price of $3.83, with 3.12 million shares of worth about $11.95 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -15.08% during that period and on Wednesday the price saw a loss of about -14.70%. Currently the company’s common shares owned by public are about 282.46M shares, out of which, 133.73M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the FINV stock and their offered price forecasts bring an average price target of $42.14. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $46.20 and could fall to a lowest price of $35.05. The stock’s current price level is 40.9% above of average price target set by the analysts, while a rise to estimated low would result in gain of 89.07% for the stock. However, touching the estimated high of $46.20 would mean a gain of 91.71% for the stock.

Global Internet Leaders SICAV-FIS, BIT Global Internet Leaders 30, and Allspring Emerging Markets Equity are the top 3 mutual funds which are holding stakes in FinVolution Group Global Internet Leaders SICAV-FIS is currently holding 7.12 million shares of worth totaling $36.08 million. The company recently came buying 7.12 million shares which brought its stake up to 4.20% of the company’s outstanding shares. BIT Global Internet Leaders 30 sold -0.34 million shares, after which its hold over company’s outstanding shares shrunk to 2.69%, leaving 4.56 million shares with the mutual fund that have a worth of about $23.12 million. Allspring Emerging Markets Equity, after buying 4.4 million shares, have now control over 2.60% of the stake in the company. It holds 0.0 shares of worth $22.32 million.

FinVolution Group (NYSE: FINV) started trading at $4.36, below -$0.13 from concluding price of the previous day. However, the stock later moved at a day high price of 4.3600, or with a loss of -14.70%. Stock saw a price change of -22.47% in past 5 days and over the past one month there was a price change of -31.73%. Year-to-date (YTD), FINV shares are showing a performance of -22.78% which increased to 30.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.77 but also hit the highest price of $5.92 during that period. The average intraday trading volume for FinVolution Group shares is 840.40K. The stock is currently trading -25.39% below its 20-day simple moving average (SMA20), while that difference is down -28.21% for SMA50 and it goes to -19.79% lower than SMA200.

Susquehanna Financial Group LLLP acquired 16.49 million shares of FinVolution Group having value of about $83.6 million. Data submitted at the U.S SEC by Susquehanna Financial Group LLLP revealed that the firm now holds 700.0 shares in the company valued at close to $2681.0, or have control over 0.00% stake in the company. FinVolution Group (NYSE: FINV) currently have 282.46M outstanding shares and institutions hold larger chunk of about 40.20% of that. Holding of mutual funds in the company is about 19.22% while other institutional holders and individual stake holders have control over 33.71% and — of the stake respectively.

The stock has a current market capitalization of $1.11B and its 3Y-monthly beta is at 0.64. PE ratio of stock for trailing 12 months is 3.32, while it has posted earnings per share of $1.16 in the same period. Its PEG reads 27.63 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FINV, volatility over the week remained 8.58% while standing at 4.26% over the month.

Analysts are in expectations that FinVolution Group (FINV) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $1.39 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 27.90% while it is estimated to increase by 17.20% in next year. EPS is likely to shrink at an annualized rate of 0.12% for next 5-years, compared to annual growth of 113.00% made by the stock over the past 5-years.

Analysts at 5 brokerage firms have issued recommendations for the FinVolution Group (FINV)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.60. Out of those 5 Wall Street analysts, 4 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on March 15, 2023 offering a Neutral rating for the stock and assigned a target price range of between $5.68 and $5.08 to it. On September 29, 2022, China Renaissance Resumed their recommendations, while on June 01, 2022, Citigroup Upgrade their ratings for the stock with a price target of $5.33. Stock get a Neutral rating from UBS on December 20, 2021.