Inspire Investing LLC Takes Position in OppFi Inc. $OPFI

Inspire Investing LLC acquired a new stake in shares of OppFi Inc. (NYSE:OPFI) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 88,378 shares of the company’s stock, valued at approximately $1,001,000.

A number of other large investors also recently bought and sold shares of OPFI. DAVENPORT & Co LLC lifted its holdings in OppFi by 42.9% during the third quarter. DAVENPORT & Co LLC now owns 115,048 shares of the company’s stock worth $1,303,000 after buying an additional 34,523 shares during the period. Corient Private Wealth LLC bought a new stake in OppFi during the second quarter valued at about $233,000. Osaic Holdings Inc. grew its stake in OppFi by 53.1% in the second quarter. Osaic Holdings Inc. now owns 33,103 shares of the company’s stock valued at $463,000 after purchasing an additional 11,475 shares during the last quarter. Squarepoint Ops LLC raised its holdings in OppFi by 104.2% in the second quarter. Squarepoint Ops LLC now owns 65,882 shares of the company’s stock worth $922,000 after purchasing an additional 33,617 shares in the last quarter. Finally, Vident Advisory LLC purchased a new stake in shares of OppFi during the second quarter valued at about $468,000. Institutional investors own 7.10% of the company’s stock.

Wall Street Analyst Weigh In

OPFI has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of OppFi in a research report on Monday. Zacks Research raised shares of OppFi from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.63.

OppFi Stock Down 0.9%

OPFI stock opened at $11.14 on Friday. The stock has a market capitalization of $962.05 million, a PE ratio of -14.85 and a beta of 1.69. OppFi Inc. has a 52 week low of $6.81 and a 52 week high of $17.73. The firm has a 50 day moving average of $10.12 and a 200 day moving average of $10.98.

OppFi (NYSE:OPFI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.46 earnings per share (EPS) 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 analysts’ expectations 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 research analysts expect that OppFi Inc. will post 0.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jocelyn Moore sold 4,464 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $10.91, for a total value of $48,702.24. Following the completion of the transaction, the director directly owned 47,266 shares in the company, valued at $515,672.06. This trade represents a 8.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher J. Mckay sold 9,030 shares of the company’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 value of $101,226.30. Following the completion of the sale, the insider owned 172,129 shares in the company, valued at approximately $1,929,566.09. This represents a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 21,227 shares of company stock valued at $233,744. 72.00% of the stock is owned by company insiders.

OppFi 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.