OppFi Inc. (NYSE:OPFI) Receives Average Rating of “Moderate Buy” from Analysts

OppFi Inc. (NYSE:OPFI) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $13.00.

A number of brokerages recently commented on OPFI. Wall Street Zen downgraded OppFi from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. Citizens Jmp lowered their price target on shares of OppFi from $16.00 to $15.00 and set a “market outperform” rating on the stock in a research report on Friday, April 17th. Weiss Ratings raised shares of OppFi from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Zacks Research upgraded shares of OppFi from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of OppFi in a research note on Friday, June 26th.

Insider Activity at OppFi

In other news, Director Christina M. Favilla sold 30,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $8.14, for a total value of $244,200.00. Following the transaction, 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. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Vennettilli sold 10,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $10.00, for a total value of $100,000.00. Following the transaction, the director owned 132,389 shares of the company’s stock, valued at approximately $1,323,890. This represents a 7.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 70.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP raised its position in OppFi by 193.3% in the fourth quarter. Wellington Management Group LLP now owns 2,474,102 shares of the company’s stock valued at $25,879,000 after purchasing an additional 1,630,450 shares during the period. Vanguard Group Inc. boosted its holdings in OppFi by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,583,772 shares of the company’s stock valued at $17,944,000 after acquiring an additional 100,320 shares during the period. JPMorgan Chase & Co. grew its position in 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 in the last quarter. Nuveen LLC grew its position in OppFi by 53.8% in the 4th quarter. Nuveen LLC now owns 754,039 shares of the company’s stock valued at $7,887,000 after acquiring an additional 263,744 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in OppFi by 14.3% during the third quarter. Two Sigma Investments LP now owns 646,099 shares of the company’s stock worth $7,320,000 after purchasing an additional 80,804 shares during the period. Hedge funds and other institutional investors own 7.10% of the company’s stock.

OppFi Trading Up 0.2%

OPFI stock opened at $9.97 on Friday. The company has a market cap of $851.77 million, a price-to-earnings ratio of 10.73 and a beta of 1.76. OppFi has a 12 month low of $7.36 and a 12 month high of $14.97. The firm has a 50-day moving average of $8.80 and a two-hundred day moving average of $9.10.

OppFi (NYSE:OPFI) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $151.14 million. OppFi had a return on equity of 39.90% and a net margin of 10.86%. As a group, equities analysts forecast that OppFi will post 1.8 earnings per share for the current year.

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.