OppFi (NYSE:OPFI) Hits New 12-Month High – Time to Buy?

OppFi Inc. (NYSE:OPFI)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $9.40 and last traded at $8.81, with a volume of 1132820 shares traded. The stock had previously closed at $8.22.

Wall Street Analysts Forecast Growth

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

OppFi Stock Up 7.9 %

The stock has a fifty day moving average of $7.21 and a 200-day moving average of $5.32. The stock has a market capitalization of $764.68 million, a PE ratio of 55.44 and a beta of 1.45.

Insider Transactions at OppFi

In other OppFi news, Director Jocelyn Moore sold 23,149 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $6.70, for a total transaction of $155,098.30. Following the transaction, the director now directly owns 99,072 shares in the company, valued at approximately $663,782.40. This represents a 18.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David Vennettilli sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $6.45, for a total value of $645,000.00. Following the sale, the director now directly owns 143,825 shares in the company, valued at $927,671.25. This trade represents a 41.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,450 shares of company stock valued at $971,370. 84.00% of the stock is currently owned by corporate insiders.

Institutional Trading of OppFi

Several institutional investors and hedge funds have recently modified their holdings of OPFI. Segall Bryant & Hamill LLC purchased a new stake in OppFi during the third quarter valued at about $2,457,000. Barclays PLC increased its holdings in shares of OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after acquiring an additional 20,630 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after acquiring an additional 18,149 shares in the last quarter. Brendel Financial Advisors LLC acquired a new stake in OppFi in the 3rd quarter worth approximately $105,000. Finally, Bank of New York Mellon Corp boosted its position in OppFi by 120.5% during the second quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after purchasing an additional 20,048 shares during the period. Hedge funds and other institutional investors own 7.10% of the company’s stock.

OppFi Company Profile

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.