OppFi (NYSE:OPFI) CEO Todd Schwartz Purchases 3,475 Shares of Stock

OppFi Inc. (NYSE:OPFI) CEO Todd Schwartz purchased 3,475 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average cost of $7.15 per share, with a total value of $24,846.25. Following the completion of the acquisition, the chief executive officer directly owned 594,758 shares of the company’s stock, valued at $4,252,519.70. This represents a 0.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

OppFi Stock Performance

OPFI stock traded up $0.23 during midday trading on Tuesday, reaching $7.31. 672,811 shares of the company were exchanged, compared to its average volume of 658,073. The company has a market cap of $623.06 million, a price-to-earnings ratio of 3.87 and a beta of 1.77. OppFi Inc. has a 1-year low of $6.50 and a 1-year high of $12.45. The stock’s 50-day simple moving average is $8.85 and its 200 day simple moving average is $8.69.

OppFi (NYSE:OPFI) last posted its earnings results on Monday, August 10th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.11). OppFi had a net margin of 16.64% and a return on equity of 30.89%. The company had revenue of $86.17 million during the quarter, compared to analysts’ expectations of $155.89 million. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. On average, research analysts anticipate that OppFi Inc. will post 1.4 earnings per share for the current year.

Hedge Funds Weigh In On OppFi

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in OppFi by 193.3% during the fourth quarter. Wellington Management Group LLP now owns 2,474,102 shares of the company’s stock worth $25,879,000 after acquiring an additional 1,630,450 shares during the period. JPMorgan Chase & Co. boosted its position in shares of OppFi by 163.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company’s stock worth $8,840,000 after purchasing an additional 483,859 shares in the last quarter. Globeflex Capital L P acquired a new position in shares of OppFi during the 2nd quarter worth $3,240,000. PL Capital Advisors LLC purchased a new position in shares of OppFi in the 2nd quarter valued at about $2,979,000. Finally, Jump Financial LLC purchased a new position in shares of OppFi in the 3rd quarter valued at about $3,056,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OPFI. Wall Street Zen downgraded OppFi from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Citizens Jmp reduced their price target on shares of OppFi from $15.00 to $11.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 11th. Stephens lowered their price objective on shares of OppFi from $11.00 to $9.50 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th. Zacks Research lowered shares of OppFi from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of OppFi in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.25.

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.