OppFi (NYSE:OPFI – Free Report) had its target price increased by Northland Securities from $6.00 to $8.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.
OppFi Trading Down 1.8 %
Shares of NYSE OPFI opened at $6.50 on Friday. The stock has a market cap of $560.63 million, a price-to-earnings ratio of 40.63 and a beta of 1.20. OppFi has a 52 week low of $2.30 and a 52 week high of $6.87. The company’s 50-day moving average price is $4.81 and its 200 day moving average price is $4.00.
Institutional Investors Weigh In On OppFi
A number of large investors have recently added to or reduced their stakes in the business. LB Partners LLC grew its stake in OppFi by 1.3% in the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company’s stock valued at $3,122,000 after acquiring an additional 11,948 shares during the last quarter. Vanguard Group Inc. lifted its holdings in OppFi by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after purchasing an additional 5,218 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in OppFi in the 3rd quarter valued at about $2,457,000. Marshall Wace LLP lifted its holdings in OppFi by 24.2% in the 2nd quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock valued at $581,000 after purchasing an additional 33,347 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in OppFi in the 3rd quarter valued at about $355,000. 7.10% of the stock is owned by institutional investors and hedge funds.
OppFi Company Profile
OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.
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