OppFi (NYSE:OPFI) Stock Rating Lowered by Zacks Research

OppFi (NYSE:OPFI) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

OPFI has been the topic of a number of other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of OppFi in a report on Friday, August 7th. Piper Sandler downgraded OppFi to a “neutral” rating in a research report on Wednesday. Wall Street Zen downgraded shares of OppFi from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. UBS Group set a $11.00 price target on shares of OppFi in a report on Wednesday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of OppFi in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, OppFi presently has an average rating of “Hold” and a consensus target price of $10.50.

OppFi Stock Performance

NYSE:OPFI opened at $7.15 on Wednesday. The firm has a 50-day simple moving average of $8.77 and a 200-day simple moving average of $8.66. OppFi has a one year low of $6.50 and a one year high of $12.45. The firm has a market cap of $609.51 million, a P/E ratio of 3.78 and a beta of 1.77.

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

Insider Transactions at OppFi

In related 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 value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Todd G. Schwartz purchased 3,500 shares of the stock in a transaction on Wednesday, August 26th. The shares were purchased at an average cost of $7.19 per share, with a total value of $25,165.00. Following the transaction, the chief executive officer owned 601,733 shares in the company, valued at $4,326,460.27. This trade represents a 0.59% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 97,475 shares of company stock worth $691,768. Company insiders own 70.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OPFI. California State Teachers Retirement System lifted its holdings in shares of OppFi by 145.3% during the second quarter. California State Teachers Retirement System now owns 3,545 shares of the company’s stock worth $357,000 after purchasing an additional 2,100 shares during the period. AXQ Capital LP purchased a new position in OppFi during the 2nd quarter worth approximately $426,000. PL Capital Advisors LLC acquired a new stake in OppFi during the 2nd quarter valued at approximately $2,979,000. Wellington Management Group LLP increased its stake in shares of OppFi by 14.8% in the second quarter. Wellington Management Group LLP now owns 3,019,250 shares of the company’s stock worth $29,981,000 after acquiring an additional 389,082 shares during the period. Finally, Globeflex Capital L P purchased a new position in shares of OppFi during the second quarter worth $3,240,000. 7.10% of the stock is owned by institutional investors and hedge funds.

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.