OppFi (NYSE:OPFI) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of OppFi (NYSE:OPFI) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.

Several other research analysts have also issued reports on the company. Citizens Jmp cut their price target on OppFi from $16.00 to $15.00 and set a “market outperform” rating on the stock in a report on Friday, April 17th. Weiss Ratings raised OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Zacks Research cut OppFi from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Stephens boosted their price target on shares of OppFi from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Finally, Citigroup restated a “market outperform” rating on shares of OppFi in a report on Friday, June 26th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, OppFi presently has a consensus rating of “Hold” and an average target price of $13.00.

OppFi Stock Down 6.7%

Shares of NYSE OPFI opened at $8.77 on Friday. The firm has a market cap of $748.87 million, a PE ratio of 9.43 and a beta of 1.77. The company’s fifty day simple moving average is $9.10 and its 200 day simple moving average is $8.88. OppFi has a 12-month low of $7.36 and a 12-month high of $12.45.

OppFi (NYSE:OPFI) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.11). The company had revenue of $86.17 million for the quarter, compared to analyst estimates of $155.89 million. OppFi had a net margin of 10.86% and a return on equity of 39.90%. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. On average, equities analysts predict that OppFi will post 1.8 earnings per share for the current year.

Insider Transactions at OppFi

In related news, 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 in the company, valued at approximately $1,275,839.18. This represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 70.20% of the company’s stock.

Institutional Trading of OppFi

Several institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP grew its position in OppFi by 193.3% in the 4th quarter. Wellington Management Group LLP now owns 2,474,102 shares of the company’s stock worth $25,879,000 after purchasing an additional 1,630,450 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 in the last quarter. Jump Financial LLC bought a new position in shares of OppFi during the 3rd quarter worth approximately $3,056,000. Nuveen LLC boosted its stake in shares of OppFi by 53.8% in the 4th quarter. Nuveen LLC now owns 754,039 shares of the company’s stock worth $7,887,000 after buying an additional 263,744 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of OppFi by 342.0% in the 3rd quarter. Squarepoint Ops LLC now owns 291,197 shares of the company’s stock worth $3,299,000 after buying an additional 225,315 shares during the last quarter. Institutional investors own 7.10% of the company’s stock.

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.