OppFi (NYSE:OPFI) Trading 7.9% Higher – Here’s Why

OppFi Inc. (NYSE:OPFI) shares rose 7.9% during mid-day trading on Monday . The company traded as high as $11.54 and last traded at $11.59. Approximately 322,874 shares changed hands during trading, a decline of 75% from the average daily volume of 1,267,115 shares. The stock had previously closed at $10.74.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of OppFi in a research note on Monday. Zacks Research raised OppFi from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.63.

OppFi Price Performance

The firm has a market capitalization of $972.41 million, a P/E ratio of -15.01 and a beta of 1.69. The stock’s fifty day simple moving average is $10.02 and its 200 day simple moving average is $10.99.

OppFi (NYSE:OPFI) last announced its earnings results on Wednesday, October 29th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.15. OppFi had a return on equity of 55.59% and a net margin of 0.68%.The firm had revenue of $155.09 million for the quarter, compared to the consensus estimate of $153.42 million. OppFi has set its FY 2025 guidance at 1.540-1.600 EPS. As a group, sell-side analysts forecast that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Insider Activity at OppFi

In related news, CFO Pamela D. Johnson sold 5,497 shares of OppFi stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $11.21, for a total value of $61,621.37. Following the completion of the sale, the chief financial officer directly owned 154,521 shares in the company, valued at $1,732,180.41. This trade represents a 3.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jocelyn Moore sold 4,464 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $10.91, for a total transaction of $48,702.24. Following the transaction, the director owned 47,266 shares in the company, valued at $515,672.06. The trade was a 8.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,227 shares of company stock valued at $233,744 in the last three months. 72.00% of the stock is owned by insiders.

Institutional Trading of OppFi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new position in shares of OppFi in the second quarter worth about $25,000. Quarry LP acquired a new position in OppFi in the 1st quarter worth approximately $27,000. Accredited Wealth Management LLC purchased a new position in OppFi during the 3rd quarter worth approximately $49,000. Russell Investments Group Ltd. lifted its stake in OppFi by 217.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company’s stock valued at $65,000 after acquiring an additional 3,207 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in OppFi by 56.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,384 shares of the company’s stock valued at $75,000 after acquiring an additional 1,948 shares during the period. Institutional investors and hedge funds own 7.10% of the company’s stock.

About OppFi

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.