OppFi Inc. (NYSE:OPFI) Given Average Rating of “Hold” by Analysts

Shares of OppFi Inc. (NYSE:OPFI) have been given an average recommendation of “Hold” by the four analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $13.00.

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of OppFi from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings raised shares of OppFi from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Stephens raised their price target on shares of OppFi from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Citizens Jmp cut their price target on shares of OppFi from $16.00 to $15.00 and set a “market outperform” rating on the stock in a report on Friday, April 17th.

OppFi Stock Up 8.0%

Shares of OppFi stock opened at $8.47 on Wednesday. The firm has a market cap of $722.91 million, a PE ratio of 9.10 and a beta of 1.79. OppFi has a 12-month low of $7.36 and a 12-month high of $15.03. The company’s fifty day simple moving average is $8.52 and its two-hundred day simple moving average is $9.23.

OppFi (NYSE:OPFI) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $87.30 million for 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%. As a group, sell-side analysts expect that OppFi will post 1.8 earnings per share for the current fiscal year.

Insider Transactions at OppFi

In other news, Director David Vennettilli sold 10,000 shares of OppFi stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the sale, the director owned 132,389 shares of the company’s stock, valued at approximately $1,323,890. The trade was a 7.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jocelyn Moore sold 8,190 shares of OppFi stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $8.53, for a total transaction of $69,860.70. Following the sale, the director directly owned 39,076 shares in the company, valued at $333,318.28. The trade was a 17.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 70.20% of the company’s stock.

Institutional Investors Weigh In On OppFi

A number of large investors have recently modified their holdings of the stock. Lazard Asset Management LLC bought a new stake in shares of OppFi during the 1st quarter valued at about $91,000. Corsair Capital Management L.P. bought a new stake in shares of OppFi during the 1st quarter valued at about $229,000. Renaissance Technologies LLC boosted its stake in shares of OppFi by 2.3% during the 1st quarter. Renaissance Technologies LLC now owns 630,308 shares of the company’s stock valued at $4,860,000 after purchasing an additional 14,100 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of OppFi by 208.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 211,667 shares of the company’s stock valued at $1,632,000 after purchasing an additional 142,971 shares in the last quarter. Finally, Sei Investments Co. bought a new stake in shares of OppFi during the 1st quarter valued at about $123,000. 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.