OppFi (NYSE:OPFI) Shares Up 6.4% – Should You Buy?

Shares of OppFi Inc. (NYSE:OPFI) were up 6.4% on Tuesday . The company traded as high as $8.77 and last traded at $8.79. Approximately 433,291 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 545,297 shares. The stock had previously closed at $8.26.

Analyst Ratings Changes

A number of research analysts recently weighed in on OPFI shares. Citizens Jmp dropped their price objective 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. Weiss Ratings upgraded shares of OppFi from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Stephens lifted their price objective on shares of OppFi from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of OppFi from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.00.

OppFi Stock Performance

The firm has a market cap of $751.52 million, a PE ratio of 9.46 and a beta of 1.79. The firm’s 50-day moving average price is $8.57 and its two-hundred day moving average price is $9.21.

OppFi (NYSE:OPFI) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.35 earnings per share 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 the consensus estimate of $151.14 million. OppFi had a net margin of 10.86% and a return on equity of 39.90%. As a group, sell-side analysts predict that OppFi Inc. will post 1.8 earnings per share for the current fiscal year.

Insider Activity at OppFi

In other news, Director David Vennettilli sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $10.00, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christina M. Favilla sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $8.14, for a total transaction of $244,200.00. Following the sale, the director owned 156,737 shares of the company’s stock, valued at $1,275,839.18. This represents a 16.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 70.20% of the stock is currently owned by insiders.

Institutional Trading of OppFi

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