OppFi (NYSE:OPFI) Sees Large Volume Increase – Should You Buy?

Shares of OppFi Inc. (NYSE:OPFI) saw an uptick in trading volume on Tuesday . 329,323 shares traded hands during mid-day trading, an increase of 12% from the previous session’s volume of 293,961 shares.The stock last traded at $7.99 and had previously closed at $7.85.

Analyst Upgrades and Downgrades

Separately, Northland Securities raised their price target on shares of OppFi from $6.00 to $8.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

OppFi Trading Down 0.2 %

The company has a market cap of $687.96 million, a PE ratio of 49.32 and a beta of 1.20. The company’s 50 day moving average is $5.49 and its 200 day moving average is $4.37.

Insider Buying and Selling at OppFi

In other OppFi news, Director Jocelyn Moore sold 23,149 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $6.70, for a total transaction of $155,098.30. Following the transaction, the director now owns 99,072 shares of the company’s stock, valued at approximately $663,782.40. This trade represents a 18.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Vennettilli sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $6.45, for a total transaction of $645,000.00. Following the transaction, the director now directly owns 143,825 shares in the company, valued at $927,671.25. This trade represents a 41.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 84.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OPFI. Acadian Asset Management LLC bought a new position in shares of OppFi during the 1st quarter worth approximately $51,000. Quadrature Capital Ltd bought a new position in shares of OppFi during the 3rd quarter worth approximately $60,000. Brendel Financial Advisors LLC bought a new position in shares of OppFi during the 3rd quarter worth approximately $105,000. Jane Street Group LLC raised its stake in shares of OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after acquiring an additional 5,795 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of OppFi by 120.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after acquiring an additional 20,048 shares in the last quarter. Institutional investors own 7.10% of the company’s stock.

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.