OppFi (NYSE:OPFI) Trading Up 7.9% – What’s Next?

OppFi Inc. (NYSE:OPFI)’s share price traded up 7.9% on Monday . The stock traded as high as $11.54 and last traded at $11.59. 322,874 shares were traded during mid-day trading, a decline of 75% from the average session volume of 1,267,115 shares. The stock had previously closed at $10.74.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Zacks Research upgraded shares of OppFi from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “sell (d+)” rating on shares of OppFi in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, OppFi currently has a consensus rating of “Moderate Buy” and an average price target of $13.63.

OppFi Stock Performance

The stock has a fifty day simple moving average of $9.97 and a two-hundred day simple moving average of $11.03. The stock has a market cap of $989.72 million, a PE ratio of -15.28 and a beta of 1.69.

OppFi (NYSE:OPFI) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.15. The company had revenue of $155.09 million during the quarter, compared to analyst estimates of $153.42 million. OppFi had a net margin of 0.68% and a return on equity of 55.59%. OppFi has set its FY 2025 guidance at 1.540-1.600 EPS. On average, equities analysts predict that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other OppFi news, Director Jocelyn Moore sold 4,464 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $10.91, for a total value of $48,702.24. Following the sale, the director directly owned 47,266 shares in the company, valued at approximately $515,672.06. This trade represents a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Pamela D. Johnson sold 5,497 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $11.21, for a total transaction of $61,621.37. Following the completion of the sale, the chief financial officer owned 154,521 shares in the company, valued at $1,732,180.41. The trade was a 3.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,227 shares of company stock valued at $233,744 over the last three months. Company insiders own 72.00% of the company’s stock.

Hedge Funds Weigh In On OppFi

A number of hedge funds have recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of OppFi by 95.5% in the 1st quarter. Invesco Ltd. now owns 24,475 shares of the company’s stock valued at $228,000 after acquiring an additional 11,954 shares in the last quarter. Nuveen LLC purchased a new position in shares of OppFi during the 1st quarter valued at $1,079,000. American Century Companies Inc. increased its stake in shares of OppFi by 29.0% in the first quarter. American Century Companies Inc. now owns 43,654 shares of the company’s stock worth $406,000 after acquiring an additional 9,808 shares during the last quarter. Quantbot Technologies LP boosted its position in OppFi by 393.4% during the first quarter. Quantbot Technologies LP now owns 7,169 shares of the company’s stock valued at $67,000 after purchasing an additional 5,716 shares during the last quarter. Finally, Credit Agricole S A acquired a new stake in OppFi during the first quarter valued at $578,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.

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.