Christina Favilla Sells 30,000 Shares of OppFi (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director Christina Favilla sold 30,000 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $8.14, for a total value of $244,200.00. Following the transaction, the director owned 156,737 shares of the company’s stock, valued at $1,275,839.18. This trade represents a 16.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

OppFi Stock Performance

NYSE:OPFI opened at $8.31 on Friday. OppFi Inc. has a 1 year low of $7.36 and a 1 year high of $15.03. The stock has a market cap of $709.68 million, a price-to-earnings ratio of 8.94 and a beta of 1.79. The business has a fifty day moving average of $8.54 and a 200-day moving average of $9.22.

OppFi (NYSE:OPFI) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (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 analysts’ expectations of $151.14 million. On average, equities research analysts predict that OppFi Inc. will post 1.8 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on OPFI shares. Wall Street Zen raised OppFi from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Stephens increased 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. Citizens Jmp decreased their price target on OppFi from $16.00 to $15.00 and set a “market outperform” rating for the company in a research note on Friday, April 17th. Finally, Weiss Ratings raised OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.00.

Institutional Trading of OppFi

Institutional investors have recently modified their holdings of the company. Quarry LP lifted its holdings in shares of OppFi by 669.2% in the third 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 period. Accredited Wealth Management LLC acquired a new stake in shares of OppFi in the third quarter valued at $49,000. Russell Investments Group Ltd. lifted its holdings in shares of OppFi by 217.6% in the second 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. Quantbot Technologies LP lifted its holdings in shares of OppFi by 20.8% in the second quarter. Quantbot Technologies LP now owns 8,663 shares of the company’s stock valued at $121,000 after buying an additional 1,494 shares during the period. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of OppFi in the fourth quarter valued at $95,000. Institutional investors and hedge funds 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.