FY2025 Earnings Forecast for OppFi Issued By Northland Capmk

OppFi Inc. (NYSE:OPFI) – Equities researchers at Northland Capmk upped their FY2025 earnings estimates for shares of OppFi in a research report issued to clients and investors on Wednesday, May 7th. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings per share of $1.24 for the year, up from their prior forecast of $1.07. The consensus estimate for OppFi’s current full-year earnings is $0.86 per share.

Other equities analysts also recently issued reports about the company. Citizens Jmp upgraded OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 price objective for the company in a research report on Thursday. Northland Securities set a $13.00 price objective on shares of OppFi in a research note on Thursday, March 6th. Finally, JMP Securities upgraded shares of OppFi from a “market perform” rating to a “market outperform” rating and set a $13.50 price objective for the company in a research report on Thursday.

OppFi Stock Up 0.2 %

Shares of NYSE:OPFI opened at $11.63 on Friday. The firm has a market cap of $1.00 billion, a P/E ratio of 72.69 and a beta of 1.61. OppFi has a 12-month low of $2.82 and a 12-month high of $17.73. The business has a fifty day simple moving average of $9.28 and a 200 day simple moving average of $9.21.

OppFi (NYSE:OPFI) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The firm had revenue of $140.27 million during the quarter, compared to the consensus estimate of $137.71 million.

Hedge Funds Weigh In On OppFi

A number of large investors have recently modified their holdings of OPFI. Jane Street Group LLC increased its stake in OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after purchasing an additional 5,795 shares in the last quarter. Geode Capital Management LLC lifted its position in OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after acquiring an additional 18,149 shares in the last quarter. Barclays PLC boosted its stake in OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after purchasing an additional 20,630 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in OppFi by 271.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock valued at $173,000 after purchasing an additional 26,742 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new stake in OppFi during the 4th quarter worth approximately $195,000. 7.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at OppFi

In other news, Director David Vennettilli sold 43,238 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $9.45, for a total transaction of $408,599.10. Following the transaction, the director now owns 90,762 shares of the company’s stock, valued at $857,700.90. This represents a 32.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Theodore G. Schwartz sold 79,762 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.13, for a total value of $728,227.06. Following the completion of the sale, the director now owns 186,737 shares of the company’s stock, valued at approximately $1,704,908.81. This represents a 29.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,027,991 shares of company stock valued at $9,489,160. 84.00% of the stock is currently owned by company insiders.

OppFi Dividend Announcement

The firm also recently announced a special dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, April 8th.

OppFi Company Profile

OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.