OppFi (NYSE:OPFI) Stock Rating Raised to Hold at Zacks Research

OppFi (NYSE:OPFI) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Other equities analysts have also issued research reports about the company. UBS Group set a $11.00 target price on OppFi in a research note on Wednesday, August 26th. Weiss Ratings restated a “hold (c)” rating on shares of OppFi in a report on Friday, August 7th. Wall Street Zen downgraded OppFi from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Piper Sandler lowered OppFi to a “neutral” rating in a report on Wednesday, August 26th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of OppFi in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.50.

OppFi Trading Up 0.2%

OPFI stock opened at $5.83 on Monday. The business’s 50 day moving average is $7.00 and its 200-day moving average is $8.16. OppFi has a 1-year low of $5.77 and a 1-year high of $11.69. The firm has a market cap of $496.69 million, a P/E ratio of 3.08 and a beta of 1.78.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.11). OppFi had a return on equity of 30.89% and a net margin of 16.64%. The firm had revenue of $86.17 million for the quarter, compared to analyst estimates of $155.89 million. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. Sell-side analysts forecast that OppFi will post 1.40 EPS for the current year.

Insiders Place Their Bets

In other news, insider Christopher Mckay sold 77,850 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $7.18, for a total value of $558,963.00. Following the sale, the insider directly owned 1,431,479 shares in the company, valued at approximately $10,278,019.22. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Pamela Johnson sold 8,650 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $8.02, for a total value of $69,373.00. Following the completion of the transaction, the chief financial officer directly owned 151,039 shares of the company’s stock, valued at approximately $1,211,332.78. The trade was a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have bought 130,640 shares of company stock worth $936,475 and have sold 114,985 shares worth $832,289. Insiders own 70.20% of the company’s stock.

Hedge Funds Weigh In On OppFi

A number of hedge funds have recently made changes to their positions in the stock. Moran Wealth Management LLC bought a new stake in OppFi during the first quarter valued at $84,000. Lazard Asset Management LLC acquired a new stake in OppFi in the first quarter worth $91,000. Sei Investments Co. bought a new position in shares of OppFi during the 1st quarter worth about $123,000. Hsbc Holdings PLC grew its stake in shares of OppFi by 46.8% in the 1st quarter. Hsbc Holdings PLC now owns 16,539 shares of the company’s stock valued at $127,000 after buying an additional 5,269 shares during the period. Finally, R Squared Ltd raised its position in shares of OppFi by 10.5% during the first quarter. R Squared Ltd now owns 21,684 shares of the company’s stock worth $167,000 after purchasing an additional 2,053 shares during the period. 7.10% of the stock is currently owned by institutional investors.

About OppFi

OppFi Inc (NYSE: OPFI) is a financial technology company that provides credit and related financial services to consumers who may have limited access to traditional banking products. The company primarily serves non-prime consumers in the United States and uses technology and data-driven underwriting to evaluate applicants and facilitate access to personal loans.

OppFi’s core offering is its personal-loan platform, which is designed to provide installment credit for expenses such as emergencies, bills and other everyday financial needs.