Insider Buying: OppFi (NYSE:OPFI) CEO Buys 3,450 Shares

OppFi Inc. (NYSE:OPFI) CEO Todd Schwartz purchased 3,450 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average price of $7.13 per share, for a total transaction of $24,598.50. Following the purchase, the chief executive officer owned 587,733 shares in the company, valued at $4,190,536.29. This trade represents a 0.59% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

OppFi Price Performance

OppFi stock traded down $0.16 during mid-day trading on Friday, hitting $7.00. 712,621 shares of the company’s stock traded hands, compared to its average volume of 656,223. The firm has a 50 day simple moving average of $8.90 and a two-hundred day simple moving average of $8.73. OppFi Inc. has a fifty-two week low of $6.50 and a fifty-two week high of $12.45. The stock has a market cap of $596.46 million, a price-to-earnings ratio of 3.70 and a beta of 1.77.

OppFi (NYSE:OPFI) 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). The company had revenue of $86.17 million during the quarter, compared to analyst estimates of $155.89 million. OppFi had a net margin of 16.64% and a return on equity of 30.89%. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. On average, research analysts anticipate that OppFi Inc. will post 1.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OppFi

A number of hedge funds have recently added to or reduced their stakes in OPFI. Quarry LP lifted its position in shares of OppFi by 669.2% during the 3rd quarter. Quarry LP now owns 3,492 shares of the company’s stock valued at $40,000 after acquiring an additional 3,038 shares during the period. Russell Investments Group Ltd. increased its position in shares of OppFi by 217.6% in the second 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 position in shares of OppFi in the first quarter worth $84,000. Lazard Asset Management LLC acquired a new position in OppFi in the first quarter valued at about $91,000. Finally, Kemnay Advisory Services Inc. acquired a new position in OppFi in the fourth quarter valued at about $95,000. Institutional investors own 7.10% of the company’s stock.

Analysts Set New Price Targets

OPFI has been the subject of a number of research analyst reports. Citizens Jmp reduced their price objective on OppFi from $15.00 to $11.00 and set a “market outperform” rating for the company in a report on Tuesday, August 11th. Citigroup reissued a “market outperform” rating on shares of OppFi in a report on Tuesday, August 11th. Wall Street Zen downgraded OppFi from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Stephens decreased their price objective on OppFi from $11.00 to $9.50 and set an “equal weight” rating on the stock in a report on Tuesday, August 11th. Finally, Zacks Research cut OppFi from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, OppFi has an average rating of “Hold” and a consensus target price of $10.25.

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.