OppFi Inc. (NYSE:OPFI – Get Free Report)’s stock price dropped 6% on Tuesday . The stock traded as low as $7.32 and last traded at $7.3150. Approximately 169,627 shares changed hands during trading, a decline of 75% from the average session volume of 667,768 shares. The stock had previously closed at $7.78.
Analysts Set New Price Targets
OPFI has been the topic of a number of recent analyst reports. Citigroup restated a “market outperform” rating on shares of OppFi in a research note on Tuesday, August 11th. Weiss Ratings reissued a “hold (c)” rating on shares of OppFi in a research report on Friday, August 7th. Stephens reduced their target price on OppFi from $11.00 to $9.50 and set an “equal weight” rating for the company in a research note on Tuesday, August 11th. Citizens Jmp reaffirmed a “market outperform” rating and set a $11.00 price target on shares of OppFi in a research report on Wednesday, August 26th. Finally, UBS Group set a $11.00 price target on OppFi in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.50.
View Our Latest Research Report on OppFi
OppFi Trading Down 7.9%
OppFi (NYSE:OPFI – Get Free Report) last released 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). OppFi had a return on equity of 30.89% and a net margin of 16.64%.The company had revenue of $86.17 million during the quarter, compared to analysts’ expectations of $155.89 million. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. Equities research analysts anticipate that OppFi Inc. will post 1.4 EPS for the current year.
Insider Activity at OppFi
In other news, insider Christopher Mckay sold 77,850 shares of OppFi stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $7.18, for a total value of $558,963.00. Following the sale, the insider directly owned 1,431,479 shares of the company’s stock, valued at $10,278,019.22. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Vennettilli sold 28,485 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $7.16, for a total transaction of $203,952.60. Following the sale, the director directly owned 154,434 shares of the company’s stock, valued at $1,105,747.44. The trade was a 15.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have purchased 125,400 shares of company stock valued at $895,075. 70.20% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On OppFi
Hedge funds have recently modified their holdings of the business. AXQ Capital LP acquired a new stake in OppFi in the 2nd quarter valued at approximately $426,000. PL Capital Advisors LLC acquired a new position in OppFi in the 2nd quarter valued at about $2,979,000. Wellington Management Group LLP lifted its position 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 worth $29,981,000 after purchasing an additional 389,082 shares in the last quarter. Globeflex Capital L P acquired a new position in shares of OppFi in the second quarter valued at approximately $3,240,000. Finally, Bank of New York Mellon Corp purchased a new position in OppFi in the 2nd quarter valued at approximately $891,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.
About OppFi
OppFi Inc (NYSE: OPFI) is a financial technology company that provides access to credit for consumers who may have limited or impaired credit histories. Through its OppLoans platform, the company offers unsecured personal installment loans designed to help customers manage expenses, consolidate debt, or address other short-term financial needs.
OppFi uses technology, data analysis, and automated underwriting to evaluate applicants and facilitate loan applications through digital channels.
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