OppFi Inc. (NYSE:OPFI) Receives Average Recommendation of “Moderate Buy” from Analysts

OppFi Inc. (NYSE:OPFI) has earned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $13.00.

Several research firms have issued reports on OPFI. Citizens Jmp dropped their price target on OppFi from $16.00 to $15.00 and set a “market outperform” rating on the stock in a research note on Friday, April 17th. Stephens upped their price objective on OppFi from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings upgraded OppFi from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Zacks Research raised OppFi from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Citigroup restated a “market outperform” rating on shares of OppFi in a research note on Friday, June 26th.

Insiders Place Their Bets

In other news, Director Christina M. Favilla sold 30,000 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $8.14, for a total value of $244,200.00. Following the transaction, the director directly owned 156,737 shares of the company’s stock, valued at $1,275,839.18. This represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Vennettilli sold 10,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the completion of the transaction, the director directly owned 132,389 shares in the company, valued at approximately $1,323,890. This represents a 7.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 70.20% of the stock is currently owned by corporate insiders.

Institutional Trading of OppFi

A number of institutional investors have recently modified their holdings of OPFI. Goldman Sachs Group Inc. boosted its holdings in shares of OppFi by 191.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company’s stock valued at $1,767,000 after purchasing an additional 124,744 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of OppFi by 23.3% in the 1st quarter. Rhumbline Advisers now owns 19,362 shares of the company’s stock valued at $180,000 after acquiring an additional 3,662 shares during the last quarter. Creative Planning bought a new position in shares of OppFi in the 2nd quarter valued at $188,000. Cetera Investment Advisers acquired a new stake in shares of OppFi during the 2nd quarter valued at $206,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of OppFi by 3,200.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 296,399 shares of the company’s stock valued at $4,147,000 after acquiring an additional 287,418 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors.

OppFi Stock Up 2.2%

OPFI stock traded up $0.20 during midday trading on Friday, reaching $9.46. The company’s stock had a trading volume of 372,744 shares, compared to its average volume of 842,282. The business’s 50-day simple moving average is $8.86 and its 200-day simple moving average is $9.06. OppFi has a 52 week low of $7.36 and a 52 week high of $13.49. The stock has a market cap of $807.96 million, a PE ratio of 10.17 and a beta of 1.76.

OppFi (NYSE:OPFI) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $151.14 million. As a group, equities analysts forecast that OppFi will post 1.8 earnings per share for the current fiscal year.

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.