OppFi (NYSE:OPFI) Lowered to “Buy” Rating by Wall Street Zen

OppFi (NYSE:OPFI) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Other research analysts have also recently issued reports about the stock. Weiss Ratings raised shares of OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Stephens raised their price target 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. Citizens Jmp dropped 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 note on Friday, April 17th. Finally, Citigroup reiterated a “market outperform” rating on shares of OppFi in a report on Friday. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.00.

OppFi Stock Performance

Shares of NYSE:OPFI opened at $9.29 on Friday. The company has a market cap of $793.47 million, a P/E ratio of 9.99 and a beta of 1.79. OppFi has a one year low of $7.36 and a one year high of $15.03. The business’s 50-day simple moving average is $8.68 and its 200 day simple moving average is $9.14.

OppFi (NYSE:OPFI) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. OppFi had a return on equity of 39.90% and a net margin of 10.86%.The firm had revenue of $87.30 million during the quarter, compared to analysts’ expectations of $151.14 million. Analysts predict that OppFi will post 1.8 earnings per share for the current year.

Insider Activity at OppFi

In other OppFi news, Director Christina M. Favilla sold 30,000 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $8.14, for a total transaction of $244,200.00. Following the sale, the director directly owned 156,737 shares of the company’s stock, valued at approximately $1,275,839.18. This represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Vennettilli sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $10.00, for a total transaction of $100,000.00. Following the completion of the transaction, the director owned 132,389 shares in the company, valued at approximately $1,323,890. The trade was a 7.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 70.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OppFi

Institutional investors have recently modified their holdings of the business. Quarry LP lifted its holdings in OppFi by 669.2% in the third quarter. Quarry LP now owns 3,492 shares of the company’s stock worth $40,000 after acquiring an additional 3,038 shares during the last quarter. Accredited Wealth Management LLC bought a new stake in shares of OppFi in the 3rd quarter worth approximately $49,000. Russell Investments Group Ltd. lifted its holdings in shares of OppFi by 217.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company’s stock worth $65,000 after purchasing an additional 3,207 shares during the last quarter. Quantbot Technologies LP boosted its position in OppFi by 20.8% during 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 period. Finally, Kemnay Advisory Services Inc. acquired a new position in OppFi during the 4th quarter valued at approximately $95,000. 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.