OppFi (NYSE:OPFI) Sets New 1-Year High – What’s Next?

Shares of OppFi Inc. (NYSE:OPFI) hit a new 52-week high on Thursday . The company traded as high as $11.96 and last traded at $11.92, with a volume of 4031106 shares trading hands. The stock had previously closed at $10.61.

Wall Street Analyst Weigh In

Separately, Northland Securities raised their price objective on OppFi from $8.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th.

OppFi Price Performance

The stock has a market cap of $950.72 million, a PE ratio of 68.93 and a beta of 1.45. The company’s fifty day moving average is $7.82 and its 200-day moving average is $5.62.

Insider Buying and Selling at OppFi

In other OppFi news, Director Jocelyn Moore sold 23,149 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $6.70, for a total value of $155,098.30. Following the sale, the director now owns 99,072 shares in the company, valued at approximately $663,782.40. This represents a 18.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Vennettilli sold 100,000 shares of OppFi stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $927,671.25. This trade represents a 41.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,450 shares of company stock worth $971,370. Insiders own 84.00% of the company’s stock.

Institutional Trading of OppFi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OPFI. Segall Bryant & Hamill LLC purchased a new stake in shares of OppFi during the 3rd quarter worth about $2,457,000. Geode Capital Management LLC raised its holdings in OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after purchasing an additional 18,149 shares during the period. Marshall Wace LLP boosted its position in OppFi by 24.2% during the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after purchasing an additional 33,347 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in OppFi in the third quarter valued at approximately $355,000. Finally, Barclays PLC increased its position in shares of OppFi by 95.9% in the third quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after buying an additional 20,630 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

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.