OppFi (NYSE:OPFI) CEO Todd Schwartz Purchases 3,550 Shares of Stock

OppFi Inc. (NYSE:OPFIGet Free Report) CEO Todd Schwartz purchased 3,550 shares of the stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average price of $7.15 per share, for a total transaction of $25,382.50. Following the transaction, the chief executive officer directly owned 619,433 shares of the company’s stock, valued at approximately $4,428,945.95. This represents a 0.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

OppFi Stock Up 1.1%

Shares of OPFI stock opened at $7.32 on Friday. The business has a 50-day moving average price of $8.60 and a two-hundred day moving average price of $8.59. OppFi Inc. has a 12-month low of $6.50 and a 12-month high of $12.45. The firm has a market cap of $623.74 million, a P/E ratio of 3.87 and a beta of 1.76.

OppFi (NYSE:OPFIGet Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.11). The firm had revenue of $86.17 million for the quarter, compared to the consensus estimate of $155.89 million. OppFi had a net margin of 16.64% and a return on equity of 30.89%. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. As a group, research analysts expect that OppFi Inc. will post 1.4 EPS for the current fiscal year.

Hedge Funds Weigh In On OppFi

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in shares of OppFi by 14.8% during the second quarter. Wellington Management Group LLP now owns 3,019,250 shares of the company’s stock valued at $29,981,000 after purchasing an additional 389,082 shares during the period. Vanguard Group Inc. raised its holdings in OppFi by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,583,772 shares of the company’s stock valued at $17,944,000 after buying an additional 100,320 shares during the last quarter. JPMorgan Chase & Co. boosted its position in OppFi by 163.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company’s stock valued at $8,840,000 after buying an additional 483,859 shares during the period. Nuveen LLC grew its holdings in OppFi by 53.8% in the 4th quarter. Nuveen LLC now owns 754,039 shares of the company’s stock worth $7,887,000 after acquiring an additional 263,744 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in shares of OppFi by 14.3% in the third quarter. Two Sigma Investments LP now owns 646,099 shares of the company’s stock valued at $7,320,000 after acquiring an additional 80,804 shares during the period. 7.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OPFI has been the topic of several research reports. Wall Street Zen downgraded shares of OppFi from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Citigroup reaffirmed a “market outperform” rating on shares of OppFi in a research note on Tuesday, August 11th. Stephens reduced their target price on shares of OppFi from $11.00 to $9.50 and set an “equal weight” rating on the stock in a report on Tuesday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of OppFi in a research report on Friday, August 7th. Finally, Piper Sandler downgraded shares of OppFi to a “neutral” rating in a research note on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.50.

Check Out Our Latest Report on OppFi

OppFi Company Profile

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OppFi (NYSE: OPFI) is a financial technology company that provides digital lending and credit solutions designed to meet the needs of near-prime consumers in the United States. Through its technology-driven platform, OppFi offers unsecured installment loans under the OppLoans brand, allowing borrowers to access credit online or via mobile devices. The company leverages proprietary data analytics and machine learning models to assess credit risk, streamline underwriting processes and deliver personalized loan products with transparent terms.

Headquartered in Chicago, Illinois, OppFi was founded in 2013 with a mission to increase financial inclusion for underserved and underbanked populations.

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