Analysts Set OppFi Inc. (NYSE:OPFI) PT at $13.63

OppFi Inc. (NYSE:OPFI) has been given an average rating of “Hold” by the six ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $13.6250.

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of OppFi in a research report on Wednesday, October 8th. Zacks Research downgraded shares of OppFi from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th.

Insiders Place Their Bets

In other OppFi news, Director Theodore G. Schwartz sold 102,959 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $11.08, for a total value of $1,140,785.72. Following the completion of the transaction, the director owned 199,644 shares in the company, valued at approximately $2,212,055.52. This represents a 34.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Pamela D. Johnson sold 5,497 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $11.21, for a total transaction 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 position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 219,811 shares of company stock worth $2,408,743. Company insiders own 72.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. acquired a new position in shares of OppFi during the 2nd quarter worth about $25,000. Quarry LP acquired a new position in shares of OppFi during the 1st quarter worth about $27,000. Strategic Investment Solutions Inc. IL raised its position in shares of OppFi by 65.5% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company’s stock worth $30,000 after purchasing an additional 1,277 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of OppFi by 217.6% during 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 last quarter. Finally, Quantbot Technologies LP raised its position in shares of OppFi by 393.4% during the 1st quarter. Quantbot Technologies LP now owns 7,169 shares of the company’s stock worth $67,000 after purchasing an additional 5,716 shares during the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

OppFi Price Performance

NYSE OPFI opened at $10.05 on Tuesday. The company has a market capitalization of $877.69 million, a PE ratio of -13.40 and a beta of 1.71. The company has a fifty day moving average of $10.54 and a 200 day moving average of $11.28. OppFi has a 1 year low of $4.83 and a 1 year high of $17.73.

OppFi (NYSE:OPFI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.15. The business had revenue of $155.09 million during the quarter, compared to the consensus estimate of $153.42 million. OppFi had a net margin of 0.68% and a return on equity of 58.48%. OppFi has set its FY 2025 guidance at 1.540-1.600 EPS. Research analysts expect that OppFi will post 0.86 earnings per share for the current year.

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.