OppFi (NYSE:OPFI) Hits New 12-Month Low – Here’s What Happened

OppFi Inc. (NYSE:OPFI) reached a new 52-week low during trading on Thursday . The company traded as low as $7.37 and last traded at $7.3930, with a volume of 31997 shares changing hands. The stock had previously closed at $7.58.

Analyst Ratings Changes

Several brokerages have weighed in on OPFI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of OppFi in a research note on Monday, December 29th. Zacks Research lowered shares of OppFi from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, OppFi has an average rating of “Hold” and a consensus price target of $14.00.

OppFi Price Performance

The firm has a market capitalization of $629.58 million, a price-to-earnings ratio of -67.16 and a beta of 1.78. The stock has a 50 day moving average price of $8.87 and a two-hundred day moving average price of $9.84.

OppFi (NYSE:OPFI) last posted its earnings results on Wednesday, March 11th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. The firm had revenue of $85.57 million for the quarter, compared to analyst estimates of $159.80 million. OppFi had a return on equity of 45.42% and a net margin of 4.41%.OppFi has set its FY 2026 guidance at 1.760-1.840 EPS. As a group, research analysts expect that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jocelyn Moore sold 8,190 shares of OppFi stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $8.53, for a total value of $69,860.70. Following the completion of the transaction, the director owned 39,076 shares in the company, valued at approximately $333,318.28. The trade was a 17.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 72.00% of the company’s stock.

Hedge Funds Weigh In On OppFi

Several institutional investors have recently modified their holdings of OPFI. Quarry LP increased its position in shares of OppFi by 669.2% during the third quarter. Quarry LP now owns 3,492 shares of the company’s stock worth $40,000 after acquiring 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. boosted its holdings in 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 purchasing an additional 3,207 shares during the period. Kemnay Advisory Services Inc. acquired a new position in OppFi during the 4th quarter worth $95,000. Finally, Jain Global LLC acquired a new position in OppFi during the 4th quarter worth $112,000. Institutional investors and hedge funds own 7.10% 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.