Insider Selling: OppFi (NYSE:OPFI) CFO Sells 5,497 Shares of Stock

OppFi Inc. (NYSE:OPFI) CFO Pamela Johnson sold 5,497 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $11.21, for a total value of $61,621.37. Following the transaction, the chief financial officer owned 154,521 shares of the company’s stock, valued at approximately $1,732,180.41. This trade represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

OppFi Trading Up 1.0%

OppFi stock opened at $10.84 on Friday. The stock has a market cap of $946.44 million, a P/E ratio of -8.27 and a beta of 1.71. The stock has a 50 day moving average of $10.76 and a 200-day moving average of $11.10. OppFi Inc. has a 52 week low of $4.38 and a 52 week high of $17.73.

OppFi (NYSE:OPFI) last released its earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.30 by $0.15. The company had revenue of $142.44 million during the quarter, compared to analysts’ expectations of $141.19 million. OppFi had a positive return on equity of 53.83% and a negative net margin of 6.04%. As a group, equities analysts predict that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on OPFI shares. Stephens started coverage on OppFi in a research note on Thursday, June 12th. They set an “equal weight” rating and a $14.50 target price for the company. Zacks Research upgraded OppFi to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of OppFi in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.63.

Hedge Funds Weigh In On OppFi

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in OppFi by 25.7% in the second quarter. Geode Capital Management LLC now owns 536,668 shares of the company’s stock worth $7,509,000 after buying an additional 109,771 shares during the period. Trexquant Investment LP increased its holdings in shares of OppFi by 232.4% during the first quarter. Trexquant Investment LP now owns 392,333 shares of the company’s stock valued at $3,649,000 after purchasing an additional 274,318 shares during the period. Globeflex Capital L P increased its holdings in shares of OppFi by 78.1% during the second quarter. Globeflex Capital L P now owns 334,441 shares of the company’s stock valued at $4,679,000 after purchasing an additional 146,645 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of OppFi by 3,200.3% during the second quarter. JPMorgan Chase & Co. now owns 296,399 shares of the company’s stock valued at $4,147,000 after purchasing an additional 287,418 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of OppFi by 1,745.7% during the fourth quarter. Bank of America Corp DE now owns 206,317 shares of the company’s stock valued at $1,580,000 after purchasing an additional 195,139 shares during the period. 7.10% of the stock is currently owned by institutional investors.

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.