Wall Street Zen upgraded shares of OppFi (NYSE:OPFI – Free Report) from a buy rating to a strong-buy rating in a research report report published on Saturday.
Other analysts also recently issued research reports about the stock. Weiss Ratings raised shares of OppFi from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Stephens increased their price target on shares of OppFi from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Citizens Jmp cut their price objective on shares of OppFi from $16.00 to $15.00 and set a “market outperform” rating for the company in a research report on Friday, April 17th. Citigroup restated a “market outperform” rating on shares of OppFi in a report on Friday, June 26th. Finally, Zacks Research raised OppFi from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.
View Our Latest Stock Report on OPFI
OppFi Price Performance
OppFi (NYSE:OPFI – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.35 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $151.14 million. As a group, equities analysts anticipate that OppFi will post 1.8 earnings per share for the current fiscal year.
Insider Activity
In related news, Director David Vennettilli sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the transaction, the director directly owned 132,389 shares of the company’s stock, valued at approximately $1,323,890. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christina M. Favilla sold 30,000 shares of OppFi stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $8.14, for a total transaction of $244,200.00. Following the completion of the sale, the director owned 156,737 shares of the company’s stock, valued at $1,275,839.18. This trade represents a 16.07% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 70.20% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Great Valley Advisor Group Inc. raised its position in shares of OppFi by 6.1% in the second quarter. Great Valley Advisor Group Inc. now owns 24,895 shares of the company’s stock valued at $348,000 after buying an additional 1,423 shares in the last quarter. Quantbot Technologies LP increased its stake in OppFi by 20.8% during the 2nd quarter. Quantbot Technologies LP now owns 8,663 shares of the company’s stock worth $121,000 after acquiring an additional 1,494 shares during the period. Zacks Investment Management increased its stake in OppFi by 5.2% during the 3rd quarter. Zacks Investment Management now owns 40,585 shares of the company’s stock worth $460,000 after acquiring an additional 2,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in OppFi by 17.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,282 shares of the company’s stock valued at $186,000 after acquiring an additional 2,013 shares in the last quarter. Finally, R Squared Ltd raised its holdings in OppFi by 10.5% in the 1st quarter. R Squared Ltd now owns 21,684 shares of the company’s stock valued at $167,000 after acquiring an additional 2,053 shares in the last quarter. 7.10% of the stock is owned by institutional investors.
OppFi Company Profile
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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