OppFi’s (OPFI) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of OppFi (NYSE:OPFI) in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a $5.00 price target on the stock.

OppFi Price Performance

Shares of OppFi stock opened at $2.99 on Wednesday. The business has a 50 day moving average price of $3.01 and a 200 day moving average price of $3.28. The company has a market capitalization of $330.90 million, a P/E ratio of -149.43 and a beta of 1.23. OppFi has a 1 year low of $1.81 and a 1 year high of $5.34.

OppFi (NYSE:OPFI) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $132.92 million for the quarter, compared to the consensus estimate of $133.49 million. OppFi had a positive return on equity of 23.92% and a negative net margin of 0.20%. During the same period in the prior year, the business earned ($0.19) earnings per share. As a group, research analysts expect that OppFi will post 0.55 EPS for the current fiscal year.

OppFi Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 19th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, April 18th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. LB Partners LLC purchased a new stake in shares of OppFi in the fourth quarter valued at $1,638,000. Prosperity Wealth Management Inc. purchased a new position in shares of OppFi during the 4th quarter worth about $136,000. Barclays PLC boosted its position in shares of OppFi by 490.0% in the third quarter. Barclays PLC now owns 14,507 shares of the company’s stock worth $37,000 after acquiring an additional 12,048 shares during the last quarter. Heron Bay Capital Management grew its holdings in OppFi by 41.5% in the fourth quarter. Heron Bay Capital Management now owns 38,647 shares of the company’s stock valued at $198,000 after purchasing an additional 11,330 shares during the period. Finally, Bank of America Corp DE increased its position in OppFi by 107.7% during the fourth quarter. Bank of America Corp DE now owns 24,502 shares of the company’s stock worth $50,000 after purchasing an additional 12,705 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

About OppFi

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.