OppFi Inc. (NYSE:OPFI) Receives $13.00 Average Target Price from Brokerages

Shares of OppFi Inc. (NYSE:OPFI) have earned an average rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $13.00.

OPFI has been the subject of several recent analyst reports. Stephens boosted their price target on OppFi from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Citigroup reaffirmed a “market outperform” rating on shares of OppFi in a research report on Friday, June 26th. Citizens Jmp reduced their price objective on OppFi from $16.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday, April 17th. Zacks Research lowered OppFi from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th.

OppFi Stock Up 5.8%

Shares of OPFI opened at $9.91 on Thursday. The company has a market capitalization of $846.21 million, a P/E ratio of 10.66 and a beta of 1.77. The firm has a 50 day moving average of $8.98 and a 200 day moving average of $8.90. OppFi has a twelve month low of $7.36 and a twelve month high of $12.60.

OppFi (NYSE:OPFI) last released its quarterly earnings data 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. OppFi had a return on equity of 39.90% and a net margin of 10.86%.The business had revenue of $87.30 million for the quarter, compared to analysts’ expectations of $151.14 million. On average, sell-side analysts expect that OppFi will post 1.8 EPS for the current year.

Insider Activity at OppFi

In other news, Director Christina M. Favilla sold 30,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 156,737 shares of the company’s stock, valued at $1,275,839.18. The trade was a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 70.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OppFi

Several institutional investors and hedge funds have recently added to or reduced their stakes in OPFI. Quarry LP raised its stake in OppFi by 669.2% during the 3rd quarter. Quarry LP now owns 3,492 shares of the company’s stock valued at $40,000 after buying an additional 3,038 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of 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 buying an additional 3,207 shares during the period. Moran Wealth Management LLC purchased a new position in shares of OppFi in the 1st quarter worth $84,000. Lazard Asset Management LLC purchased a new position in shares of OppFi in the 1st quarter worth $91,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of OppFi in the 4th quarter worth $95,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

OppFi Company Profile

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.