OppFi Inc. (NYSE:OPFI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of OppFi Inc. (NYSE:OPFI) have received an average rating of “Hold” from the four research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $13.00.

OPFI has been the topic of several research reports. Weiss Ratings raised OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Citizens Jmp lowered their price target on OppFi from $16.00 to $15.00 and set a “market outperform” rating for the company in a research note on Friday, April 17th. Stephens increased their price objective on OppFi from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of OppFi from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th.

Insiders Place Their Bets

In related news, Director David Vennettilli sold 10,000 shares of OppFi stock in a transaction on Monday, May 4th. The shares were sold at an average price of $10.00, for a total value of $100,000.00. Following the completion of the sale, the director owned 132,389 shares of the company’s stock, valued at approximately $1,323,890. The trade was a 7.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christina M. Favilla sold 30,000 shares of the company’s stock in a transaction on 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 represents a 16.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 70.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of OppFi by 163.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company’s stock worth $8,840,000 after buying an additional 483,859 shares during the period. Diversify Advisory Services LLC lifted its position in OppFi by 98.9% during the 3rd quarter. Diversify Advisory Services LLC now owns 321,636 shares of the company’s stock worth $3,644,000 after acquiring an additional 159,895 shares during the last quarter. Quantbot Technologies LP boosted its holdings in OppFi by 1,462.8% during the third quarter. Quantbot Technologies LP now owns 135,382 shares of the company’s stock valued at $1,534,000 after acquiring an additional 126,719 shares during the period. Tudor Investment Corp ET AL grew its position in shares of OppFi by 0.5% in the third quarter. Tudor Investment Corp ET AL now owns 523,289 shares of the company’s stock valued at $5,929,000 after purchasing an additional 2,532 shares during the last quarter. Finally, Tcfg Wealth Management LLC increased its stake in shares of OppFi by 40.6% in the third quarter. Tcfg Wealth Management LLC now owns 14,974 shares of the company’s stock worth $170,000 after purchasing an additional 4,325 shares during the period. Institutional investors and hedge funds own 7.10% of the company’s stock.

OppFi Stock Down 0.2%

Shares of OPFI stock traded down $0.02 during trading hours on Wednesday, reaching $8.77. 46,504 shares of the stock traded hands, compared to its average volume of 550,900. The firm has a market capitalization of $748.44 million, a PE ratio of 9.44 and a beta of 1.79. OppFi has a 1-year low of $7.36 and a 1-year high of $15.03. The business has a fifty day moving average price of $8.60 and a 200 day moving average price of $9.20.

OppFi (NYSE:OPFI) last posted 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. The firm had revenue of $87.30 million during the quarter, compared to analyst estimates of $151.14 million. OppFi had a net margin of 10.86% and a return on equity of 39.90%. Research analysts expect that OppFi will post 1.8 earnings per share for the current fiscal year.

About OppFi

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.