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

Shares of OppFi Inc. (NYSE:OPFI) have been given an average rating of “Hold” by the four research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $13.00.

A number of brokerages have recently commented on OPFI. Citizens Jmp reduced 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. Wall Street Zen downgraded shares of OppFi from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Stephens increased their target price on OppFi from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th.

Insiders Place Their Bets

In related news, Director David Vennettilli sold 10,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $10.00, for a total value of $100,000.00. Following the transaction, the director directly owned 132,389 shares of the company’s stock, valued at approximately $1,323,890. This trade represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jocelyn Moore sold 8,190 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $8.53, for a total value of $69,860.70. Following the completion of the sale, the director owned 39,076 shares of the company’s stock, valued at approximately $333,318.28. The trade was a 17.33% decrease in their position. The SEC filing for this sale provides additional information. 70.20% of the stock is currently owned by company insiders.

Institutional Trading of OppFi

Several institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of OppFi by 163.2% during the third 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 last quarter. Diversify Advisory Services LLC increased its holdings in OppFi by 98.9% in the 3rd quarter. Diversify Advisory Services LLC now owns 321,636 shares of the company’s stock valued at $3,644,000 after acquiring an additional 159,895 shares during the last quarter. Quantbot Technologies LP lifted its stake in OppFi by 1,462.8% in the 3rd quarter. Quantbot Technologies LP now owns 135,382 shares of the company’s stock worth $1,534,000 after purchasing an additional 126,719 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of OppFi by 0.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 523,289 shares of the company’s stock valued at $5,929,000 after purchasing an additional 2,532 shares during the last quarter. Finally, Tcfg Wealth Management LLC boosted its holdings in shares of OppFi by 40.6% during the 3rd quarter. Tcfg Wealth Management LLC now owns 14,974 shares of the company’s stock valued at $170,000 after purchasing an additional 4,325 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors.

OppFi Price Performance

Shares of NYSE:OPFI opened at $8.47 on Friday. The company has a market cap of $723.53 million, a P/E ratio of 9.11 and a beta of 1.86. OppFi has a 1 year low of $7.36 and a 1 year high of $15.03. The stock’s fifty day moving average price is $8.50 and its 200-day moving average price is $9.38.

OppFi (NYSE:OPFI) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.35 EPS for the quarter, topping 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 company had revenue of $87.30 million during the quarter, compared to the consensus estimate of $151.14 million. On average, sell-side analysts anticipate that OppFi will post 1.8 earnings per share for the current year.

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.