OppFi Inc. (NYSE:OPFI) Receives $13.00 Consensus PT from Analysts

Shares of OppFi Inc. (NYSE:OPFI) have been given an average recommendation of “Hold” by the five analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $13.00.

OPFI has been the topic of several recent research reports. Weiss Ratings raised OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Zacks Research downgraded shares of OppFi from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Citigroup reiterated a “market outperform” rating on shares of OppFi in a report on Friday, June 26th. Wall Street Zen upgraded shares of OppFi from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Finally, Stephens lifted their price target on OppFi from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th.

Insider Buying and Selling at OppFi

In other news, Director Christina M. Favilla sold 30,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $8.14, for a total transaction 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 SEC, which is available through the SEC website. Also, Director David Vennettilli sold 10,000 shares of the company’s 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 transaction, the director owned 132,389 shares in the company, valued at $1,323,890. This represents a 7.02% decrease in their position. The disclosure for this sale is available in the SEC filing. 70.20% of the stock is owned by insiders.

Hedge Funds Weigh In On OppFi

Several institutional investors have recently made changes to their positions in the business. Quarry LP raised its position in OppFi by 669.2% in 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. Russell Investments Group Ltd. lifted its position 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 acquiring an additional 3,207 shares in the last quarter. Quantbot Technologies LP boosted its stake in OppFi by 20.8% in the 2nd quarter. Quantbot Technologies LP now owns 8,663 shares of the company’s stock worth $121,000 after purchasing an additional 1,494 shares during the period. Kemnay Advisory Services Inc. bought a new position in shares of OppFi during the fourth quarter worth $95,000. Finally, Jain Global LLC bought a new position in shares of OppFi during the 4th quarter valued at about $112,000. Institutional investors own 7.10% of the company’s stock.

OppFi Trading Down 0.5%

Shares of OppFi stock opened at $9.38 on Thursday. OppFi has a 12 month low of $7.36 and a 12 month high of $12.60. The business’s 50-day moving average price is $8.95 and its 200-day moving average price is $8.91. The firm has a market capitalization of $800.62 million, a PE ratio of 10.08 and a beta of 1.76.

OppFi (NYSE:OPFI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $87.30 million for the quarter, compared to the consensus estimate of $151.14 million. OppFi had a net margin of 10.86% and a return on equity of 39.90%. As a group, analysts predict 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.