Brokerages Set OppFi Inc. (NYSE:OPFI) Price Target at $13.00

Shares of OppFi Inc. (NYSE:OPFI) have been given an average rating of “Moderate Buy” by the five research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $13.00.

OPFI has been the topic of several analyst reports. Weiss Ratings upgraded OppFi from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Zacks Research raised shares of OppFi from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Wall Street Zen cut shares of OppFi from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. 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. Finally, Citigroup reaffirmed a “market outperform” rating on shares of OppFi in a research report on Friday, June 26th.

Insider Activity at OppFi

In other OppFi news, Director Christina M. Favilla sold 30,000 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $8.14, for a total transaction of $244,200.00. Following the sale, the director directly owned 156,737 shares in the company, valued at $1,275,839.18. This represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Vennettilli sold 10,000 shares of the 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 in the company, valued at approximately $1,323,890. The trade was a 7.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 70.20% of the stock is currently owned by company insiders.

Institutional Trading of OppFi

Several institutional investors have recently modified their holdings of OPFI. Goldman Sachs Group Inc. boosted its holdings in shares of OppFi by 191.3% in the first quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company’s stock valued at $1,767,000 after acquiring an additional 124,744 shares during the period. Rhumbline Advisers boosted its stake in OppFi by 23.3% during the 1st quarter. Rhumbline Advisers now owns 19,362 shares of the company’s stock worth $180,000 after purchasing an additional 3,662 shares during the period. Creative Planning acquired a new stake in OppFi during the 2nd quarter worth $188,000. Cetera Investment Advisers purchased a new position in OppFi during the 2nd quarter worth $206,000. Finally, JPMorgan Chase & Co. grew its position in OppFi by 3,200.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 296,399 shares of the company’s stock worth $4,147,000 after purchasing an additional 287,418 shares during the last quarter. Hedge funds and other institutional investors own 7.10% of the company’s stock.

OppFi Stock Performance

OPFI stock opened at $9.46 on Friday. OppFi has a one year low of $7.36 and a one year high of $14.97. The firm’s fifty day moving average is $8.84 and its 200 day moving average is $9.08. The firm has a market cap of $807.36 million, a PE ratio of 10.17 and a beta of 1.76.

OppFi (NYSE:OPFI) last announced its earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. OppFi had a return on equity of 39.90% and a net margin of 10.86%.The firm had revenue of $87.30 million for the quarter, compared to analyst estimates of $151.14 million. Research analysts predict 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.