OppFi (NYSE:OPFI) Sets New 52-Week Low – Here’s What Happened

OppFi Inc. (NYSE:OPFI)’s stock price reached a new 52-week low on Monday . The company traded as low as $6.47 and last traded at $6.4750, with a volume of 91618 shares changing hands. The stock had previously closed at $6.53.

Analyst Upgrades and Downgrades

OPFI has been the subject of a number of research analyst reports. Citizens Jmp reiterated a “market outperform” rating and issued a $11.00 target price on shares of OppFi in a report on Wednesday, August 26th. UBS Group set a $11.00 price target on shares of OppFi in a research report on Wednesday, August 26th. Wall Street Zen cut OppFi from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Stephens dropped their target price on shares of OppFi from $11.00 to $9.50 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th. Finally, Zacks Research downgraded shares of OppFi from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.50.

OppFi Trading Down 0.5%

The firm has a market cap of $546.62 million, a P/E ratio of 3.39 and a beta of 1.76. The stock’s fifty day moving average is $8.00 and its two-hundred day moving average is $8.41.

OppFi (NYSE:OPFI) last posted its earnings results on Monday, August 10th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.11). OppFi had a return on equity of 30.89% and a net margin of 16.64%.The business had revenue of $86.17 million for the quarter, compared to analysts’ expectations of $155.89 million. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. On average, analysts forecast that OppFi Inc. will post 1.4 EPS for the current year.

Insider Activity at OppFi

In other OppFi news, insider Christopher J. Mckay sold 77,850 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $7.18, for a total value of $558,963.00. Following the completion of the sale, the insider owned 1,431,479 shares of the company’s stock, valued at $10,278,019.22. This represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Pamela D. Johnson sold 8,650 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $8.02, for a total transaction of $69,373.00. Following the transaction, the chief financial officer directly owned 151,039 shares in the company, valued at approximately $1,211,332.78. This represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have purchased 130,640 shares of company stock valued at $936,475 and have sold 114,985 shares valued at $832,289. Corporate insiders own 70.20% of the company’s stock.

Hedge Funds Weigh In On OppFi

Several institutional investors and hedge funds have recently bought and sold shares of OPFI. AXQ Capital LP bought a new position in shares of OppFi in the second quarter worth approximately $426,000. PL Capital Advisors LLC bought a new position in shares of OppFi in the 2nd quarter worth about $2,979,000. Wellington Management Group LLP increased its stake in shares of OppFi by 14.8% during the second quarter. Wellington Management Group LLP now owns 3,019,250 shares of the company’s stock valued at $29,981,000 after purchasing an additional 389,082 shares in the last quarter. Globeflex Capital L P purchased a new position in OppFi during the second quarter valued at $3,240,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of OppFi in the 2nd quarter worth about $891,000. 7.10% of the stock is currently owned by institutional investors.

About OppFi

OppFi Inc (NYSE: OPFI) is a financial technology company that provides access to credit for consumers who may have limited or impaired credit histories. Through its OppLoans platform, the company offers unsecured personal installment loans designed to help customers manage expenses, consolidate debt, or address other short-term financial needs.

OppFi uses technology, data analysis, and automated underwriting to evaluate applicants and facilitate loan applications through digital channels.