Brokerages Set OppFi Inc. (NYSE:OPFI) Target Price at $13.00

OppFi Inc. (NYSE:OPFI) has been given an average rating of “Hold” by the four research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $13.00.

Several research analysts have recently issued reports on the stock. Stephens upped their price target on shares of OppFi from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Wall Street Zen lowered OppFi from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Citizens Jmp lowered their target price on OppFi from $16.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday, April 17th. Finally, Weiss Ratings upgraded OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th.

Insider Buying and Selling

In other OppFi news, Director Jocelyn Moore sold 8,190 shares of the company’s 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 directly owned 39,076 shares in the company, valued at approximately $333,318.28. This represents a 17.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Vennettilli sold 10,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the transaction, the director directly owned 132,389 shares of the company’s stock, valued at $1,323,890. The trade was a 7.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 70.20% of the stock is owned by company insiders.

Institutional Trading of OppFi

Several institutional investors have recently modified their holdings of OPFI. Great Valley Advisor Group Inc. lifted its holdings in OppFi by 6.1% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 24,895 shares of the company’s stock worth $348,000 after buying an additional 1,423 shares during the period. Quantbot Technologies LP increased its stake 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. Zacks Investment Management raised its position in shares of OppFi by 5.2% during the third quarter. Zacks Investment Management now owns 40,585 shares of the company’s stock worth $460,000 after acquiring an additional 2,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of OppFi by 17.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,282 shares of the company’s stock worth $186,000 after acquiring an additional 2,013 shares during the last quarter. Finally, R Squared Ltd lifted its stake in shares of OppFi by 10.5% in the first quarter. R Squared Ltd now owns 21,684 shares of the company’s stock worth $167,000 after acquiring an additional 2,053 shares during the period. Institutional investors own 7.10% of the company’s stock.

OppFi Trading Down 2.0%

OPFI stock opened at $8.44 on Friday. The firm has a 50-day moving average price of $8.53 and a 200-day moving average price of $9.40. OppFi has a 12 month low of $7.36 and a 12 month high of $15.03. The stock has a market capitalization of $720.69 million, a P/E ratio of 9.08 and a beta of 1.86.

OppFi (NYSE:OPFI) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. OppFi had a net margin of 10.86% and a return on equity of 39.90%. The business had revenue of $87.30 million during the quarter, compared to analysts’ expectations of $151.14 million. As a group, equities analysts predict that OppFi will post 1.8 EPS for the current fiscal 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.