OppFi (NYSE:OPFI) Trading Up 8.1% – What’s Next?

OppFi Inc. (NYSE:OPFIGet Free Report)’s stock price traded up 8.1% during mid-day trading on Tuesday . The company traded as high as $8.46 and last traded at $8.4750. 147,884 shares traded hands during trading, a decline of 73% from the average session volume of 541,299 shares. The stock had previously closed at $7.84.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen upgraded OppFi from a “buy” rating to a “strong-buy” rating in a report on Saturday. Stephens raised their target price on shares of OppFi from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings raised shares of OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Finally, Citizens Jmp reduced their target price on OppFi from $16.00 to $15.00 and set a “market outperform” rating on the stock in a report on Friday, April 17th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, OppFi has an average rating of “Hold” and an average price target of $13.00.

Read Our Latest Report on OppFi

OppFi Trading Up 7.7%

The business’s 50 day simple moving average is $8.50 and its two-hundred day simple moving average is $9.24. The firm has a market capitalization of $721.12 million, a P/E ratio of 9.09 and a beta of 1.79.

OppFi (NYSE:OPFIGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. OppFi had a net margin of 10.86% and a return on equity of 39.90%. The firm had revenue of $87.30 million for the quarter, compared to analysts’ expectations of $151.14 million. Analysts predict that OppFi Inc. will post 1.8 EPS for the current fiscal year.

Insider Buying and Selling at OppFi

In related news, Director David Vennettilli sold 10,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $10.00, for a total transaction of $100,000.00. Following the sale, the director directly owned 132,389 shares of the company’s stock, valued at $1,323,890. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jocelyn Moore sold 8,190 shares of OppFi stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $8.53, for a total value of $69,860.70. Following the completion of the sale, the director owned 39,076 shares of the company’s stock, valued at $333,318.28. The trade was a 17.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 70.20% of the company’s stock.

Institutional Trading of OppFi

A number of large investors have recently made changes to their positions in OPFI. Quarry LP raised its holdings in shares of OppFi by 669.2% during the third quarter. Quarry LP now owns 3,492 shares of the company’s stock valued at $40,000 after purchasing an additional 3,038 shares during the last quarter. Accredited Wealth Management LLC purchased a new stake in OppFi in the third quarter worth approximately $49,000. Russell Investments Group Ltd. grew its position in OppFi by 217.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company’s stock worth $65,000 after purchasing an additional 3,207 shares during the period. Moran Wealth Management LLC bought a new stake in OppFi in the 1st quarter worth approximately $84,000. Finally, Lazard Asset Management LLC purchased a new stake in OppFi during the 1st quarter valued at $91,000. 7.10% of the stock is currently owned by institutional investors.

About OppFi

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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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