OppFi (NYSE:OPFI) Lowered to “Buy” Rating by Wall Street Zen

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

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

OppFi Stock Down 3.7%

NYSE:OPFI opened at $9.40 on Friday. The firm’s fifty day simple moving average is $9.09 and its 200 day simple moving average is $8.90. The stock has a market cap of $802.92 million, a P/E ratio of 10.11 and a beta of 1.77. OppFi has a twelve month low of $7.36 and a twelve month high of $12.45.

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

Insider Activity

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 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 directly owned 156,737 shares in the company, valued at $1,275,839.18. The trade was a 16.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 70.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP grew its holdings in OppFi by 669.2% during 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 during the period. Russell Investments Group Ltd. raised its stake in shares of OppFi by 217.6% in the second 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 during the period. Quantbot Technologies LP raised its stake in shares of OppFi by 20.8% in the second 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 period. Kemnay Advisory Services Inc. purchased a new position in OppFi during the fourth quarter valued at approximately $95,000. Finally, Jain Global LLC bought a new position in shares of OppFi in the fourth quarter worth approximately $112,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

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.