OppFi Inc. (NYSE:OPFI) Given Average Recommendation of “Hold” by Brokerages

OppFi Inc. (NYSE:OPFI) has been assigned an average recommendation of “Hold” from the four brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $13.00.

OPFI has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of OppFi from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Weiss Ratings raised shares of OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Stephens lifted their price target on shares of OppFi from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Finally, Citizens Jmp decreased their price target on shares of OppFi from $16.00 to $15.00 and set a “market outperform” rating for the company in a research note on Friday, April 17th.

OppFi Stock Down 0.0%

OPFI stock opened at $8.36 on Wednesday. The firm has a market cap of $713.60 million, a price-to-earnings ratio of 8.99 and a beta of 1.79. OppFi has a 12-month low of $7.36 and a 12-month high of $15.03. The company’s fifty day simple moving average is $8.56 and its 200 day simple moving average is $9.22.

OppFi (NYSE:OPFI) last released its earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $87.30 million for the quarter, compared to analyst estimates of $151.14 million. OppFi had a net margin of 10.86% and a return on equity of 39.90%. Research analysts expect that OppFi will post 1.8 earnings per share for the current year.

Insider Buying and Selling at OppFi

In other OppFi news, Director David Vennettilli sold 10,000 shares of OppFi stock in a transaction on Monday, May 4th. The shares were sold at an average price of $10.00, for a total value of $100,000.00. Following the completion of the sale, the director directly owned 132,389 shares of the company’s stock, valued at approximately $1,323,890. The trade was a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christina M. Favilla sold 30,000 shares of OppFi stock in a transaction on Monday, June 8th. The shares were sold at an average price of $8.14, for a total transaction of $244,200.00. Following the completion of the sale, the director directly owned 156,737 shares of the company’s stock, valued at approximately $1,275,839.18. This trade represents a 16.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 70.20% of the company’s stock.

Institutional Investors Weigh In On OppFi

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in shares of OppFi by 191.3% during the first quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company’s stock worth $1,767,000 after acquiring an additional 124,744 shares in the last quarter. Rhumbline Advisers increased its position in shares of OppFi by 23.3% during the first quarter. Rhumbline Advisers now owns 19,362 shares of the company’s stock worth $180,000 after acquiring an additional 3,662 shares in the last quarter. Creative Planning bought a new stake in shares of OppFi during the second quarter worth about $188,000. Cetera Investment Advisers bought a new stake in shares of OppFi during the second quarter worth about $206,000. Finally, JPMorgan Chase & Co. increased its position in shares of OppFi by 3,200.3% during the second quarter. JPMorgan Chase & Co. now owns 296,399 shares of the company’s stock worth $4,147,000 after acquiring an additional 287,418 shares in the last quarter. 7.10% of the stock is owned by institutional investors.

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.