Northland Securities Weighs in on OppFi Q2 Earnings

OppFi Inc. (NYSE:OPFI) – Stock analysts at Northland Securities issued their Q2 2028 EPS estimates for OppFi in a research note issued on Thursday, June 25th. Northland Securities analyst M. Grondahl anticipates that the company will post earnings per share of $0.69 for the quarter. The consensus estimate for OppFi’s current full-year earnings is $1.80 per share.

A number of other research analysts have also weighed in on the company. Weiss Ratings upgraded OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Zacks Research upgraded OppFi from a “hold” rating to a “strong-buy” rating in a research report on Monday. Wall Street Zen lowered OppFi from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Stephens raised their price target on OppFi from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Citizens Jmp reduced their price objective on OppFi from $16.00 to $15.00 and set a “market outperform” rating on the stock in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

OppFi Stock Up 0.5%

Shares of OPFI stock opened at $9.97 on Thursday. The stock has a market cap of $851.77 million, a P/E ratio of 10.73 and a beta of 1.76. OppFi has a 52 week low of $7.36 and a 52 week high of $14.97. The company’s fifty day simple moving average is $8.74 and its two-hundred day simple moving average is $9.11.

OppFi (NYSE:OPFI) last issued its earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $87.30 million during 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%.

Institutional Investors Weigh In On OppFi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in shares of OppFi by 193.3% in the 4th quarter. Wellington Management Group LLP now owns 2,474,102 shares of the company’s stock worth $25,879,000 after purchasing an additional 1,630,450 shares during the period. JPMorgan Chase & Co. raised its holdings in OppFi by 163.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company’s stock valued at $8,840,000 after buying an additional 483,859 shares during the period. Jump Financial LLC purchased a new stake in OppFi during the 3rd quarter valued at $3,056,000. Nuveen LLC lifted its position in OppFi by 53.8% in the fourth quarter. Nuveen LLC now owns 754,039 shares of the company’s stock worth $7,887,000 after buying an additional 263,744 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in OppFi by 342.0% in the third quarter. Squarepoint Ops LLC now owns 291,197 shares of the company’s stock worth $3,299,000 after buying an additional 225,315 shares during the last quarter. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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