OppFi Inc. (NYSE:OPFI) Receives $13.00 Average Price Target from Brokerages

OppFi Inc. (NYSE:OPFI) has been given a consensus rating of “Hold” by the four research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $13.00.

A number of brokerages have recently issued reports on OPFI. Stephens increased their price target on shares of OppFi from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings raised shares of OppFi from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Wall Street Zen cut shares of OppFi from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Citizens Jmp cut their price target on shares of OppFi from $16.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday, April 17th.

Insiders Place Their Bets

In related news, Director Jocelyn Moore sold 8,190 shares of OppFi stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $8.53, for a total transaction of $69,860.70. Following the completion of the sale, the director owned 39,076 shares of the company’s stock, valued at approximately $333,318.28. This trade represents a 17.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Vennettilli sold 10,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $10.00, for a total value of $100,000.00. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 70.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of OPFI. Quarry LP raised its stake in OppFi by 669.2% in the third quarter. Quarry LP now owns 3,492 shares of the company’s stock valued at $40,000 after purchasing an additional 3,038 shares in the last quarter. Accredited Wealth Management LLC purchased a new position in OppFi in the 3rd quarter worth approximately $49,000. Russell Investments Group Ltd. grew its stake in OppFi by 217.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company’s stock worth $65,000 after buying an additional 3,207 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of OppFi by 20.8% in the 2nd quarter. Quantbot Technologies LP now owns 8,663 shares of the company’s stock worth $121,000 after buying an additional 1,494 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in shares of OppFi in the 4th quarter worth $95,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

OppFi Stock Performance

Shares of NYSE OPFI opened at $8.16 on Friday. OppFi has a fifty-two week low of $7.36 and a fifty-two week high of $15.03. The stock has a market cap of $696.36 million, a PE ratio of 8.77 and a beta of 1.86. The stock has a fifty day moving average of $8.47 and a 200-day moving average of $9.36.

OppFi (NYSE:OPFI) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $87.30 million for the quarter, compared to analysts’ expectations of $151.14 million. OppFi had a return on equity of 39.90% and a net margin of 10.86%. On average, sell-side analysts predict that OppFi will post 1.8 EPS for the current year.

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.