OppFi (NYSE:OPFI) Stock Rating Lowered by JMP Securities

OppFi (NYSE:OPFI) was downgraded by stock analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, MarketBeat reports.

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

OppFi Stock Performance

Shares of OppFi stock opened at $13.01 on Wednesday. The stock has a 50 day moving average price of $10.27 and a 200-day moving average price of $6.95. OppFi has a one year low of $2.35 and a one year high of $17.73. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 81.29 and a beta of 1.57.

Insider Transactions at OppFi

In related news, Director David Vennettilli sold 22,301 shares of OppFi stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $7.68, for a total transaction of $171,271.68. Following the completion of the sale, the director now owns 121,524 shares in the company, valued at $933,304.32. This trade represents a 15.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 84.00% of the company’s stock.

Hedge Funds Weigh In On OppFi

A number of institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC grew its position in shares of OppFi by 4.7% during the 4th quarter. NewEdge Advisors LLC now owns 18,328 shares of the company’s stock worth $140,000 after buying an additional 831 shares in the last quarter. Barclays PLC increased its holdings in OppFi by 5.6% during the fourth quarter. Barclays PLC now owns 44,521 shares of the company’s stock valued at $341,000 after buying an additional 2,380 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of OppFi by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company’s stock valued at $416,000 after acquiring an additional 4,398 shares during the period. Jane Street Group LLC raised its holdings in OppFi by 28.9% in the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after purchasing an additional 5,795 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in OppFi by 22.4% in the fourth quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company’s stock valued at $262,000 after acquiring an additional 6,242 shares in the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

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.