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

OppFi Inc. (NYSE:OPFI) Director Christina 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 transaction of $244,200.00. Following the completion of the transaction, the director directly owned 156,737 shares of the company’s stock, valued at approximately $1,275,839.18. The trade was a 16.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

OppFi Stock Down 1.7%

OPFI stock traded down $0.15 during trading on Wednesday, hitting $8.29. 445,443 shares of the company’s stock traded hands, compared to its average volume of 548,584. The firm has a market capitalization of $708.22 million, a P/E ratio of 8.92 and a beta of 1.79. The business has a fifty day simple moving average of $8.52 and a two-hundred day simple moving average of $9.23. OppFi Inc. has a 1 year low of $7.36 and a 1 year high of $15.03.

OppFi (NYSE:OPFI) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. OppFi had a net margin of 10.86% and a return on equity of 39.90%. The firm had revenue of $87.30 million for the quarter, compared to analyst estimates of $151.14 million. On average, equities research analysts predict that OppFi Inc. will post 1.8 EPS for the current fiscal year.

Institutional Investors Weigh In On OppFi

Hedge funds have recently bought and sold shares of the company. Quarry LP raised its holdings in OppFi by 669.2% during the 3rd quarter. Quarry LP now owns 3,492 shares of the company’s stock worth $40,000 after buying an additional 3,038 shares during the period. Accredited Wealth Management LLC bought a new position in shares of OppFi during the 3rd quarter worth approximately $49,000. Russell Investments Group Ltd. grew its stake 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 in the last quarter. Moran Wealth Management LLC bought a new position in shares of OppFi in the first quarter valued at $84,000. Finally, Lazard Asset Management LLC bought a new position in shares of OppFi in the first quarter valued at $91,000. 7.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OPFI has been the topic of a number of recent research reports. Citizens Jmp reduced their price target on shares of OppFi from $16.00 to $15.00 and set a “market outperform” rating on the stock in a research report on Friday, April 17th. Weiss Ratings upgraded shares of OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Wall Street Zen upgraded shares of OppFi from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Stephens raised their price target on shares of OppFi from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.00.

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.