Todd Schwartz Acquires 20,000 Shares of OppFi (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) CEO Todd Schwartz acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average cost of $7.20 per share, for a total transaction of $144,000.00. Following the completion of the transaction, the chief executive officer directly owned 573,733 shares in the company, valued at $4,130,877.60. This represents a 3.61% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

OppFi Price Performance

OPFI stock traded up $0.03 during trading hours on Friday, reaching $7.16. 1,013,035 shares of the stock were exchanged, compared to its average volume of 1,021,362. The firm’s 50-day moving average is $8.99 and its 200-day moving average is $8.81. The company has a market cap of $610.02 million, a price-to-earnings ratio of 3.79 and a beta of 1.77. OppFi Inc. has a 12 month low of $6.50 and a 12 month high of $12.45.

OppFi (NYSE:OPFI) last released its quarterly earnings results on Monday, August 10th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.11). The firm had revenue of $86.17 million during the quarter, compared to analyst estimates of $155.89 million. OppFi had a net margin of 16.64% and a return on equity of 30.89%. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. As a group, equities research analysts forecast that OppFi Inc. will post 1.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OPFI shares. Wall Street Zen cut shares of OppFi from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Stephens lowered their price target on shares of OppFi from $11.00 to $9.50 and set an “equal weight” rating on the stock in a research note on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of OppFi in a research note on Friday, August 7th. Citizens Jmp decreased their price objective on OppFi from $15.00 to $11.00 and set a “market outperform” rating for the company in a report on Tuesday. Finally, Zacks Research cut OppFi from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, OppFi currently has an average rating of “Hold” and a consensus price target of $10.25.

Hedge Funds Weigh In On OppFi

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its position in OppFi by 193.3% during the fourth quarter. Wellington Management Group LLP now owns 2,474,102 shares of the company’s stock worth $25,879,000 after acquiring an additional 1,630,450 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of OppFi by 163.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company’s stock valued at $8,840,000 after acquiring an additional 483,859 shares during the period. Globeflex Capital L P bought a new position in shares of OppFi in the 2nd quarter valued at about $3,240,000. Jump Financial LLC acquired a new position in shares of OppFi during the 3rd quarter worth about $3,056,000. Finally, Nuveen LLC increased its stake in shares of OppFi by 53.8% during the 4th quarter. Nuveen LLC now owns 754,039 shares of the company’s stock worth $7,887,000 after purchasing an additional 263,744 shares during the last quarter. 7.10% of the stock is owned by institutional investors.

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.