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

OppFi Inc. (NYSE:OPFI) CEO Todd Schwartz purchased 3,475 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was acquired at an average price of $7.41 per share, for a total transaction of $25,749.75. Following the acquisition, the chief executive officer directly owned 629,858 shares of the company’s stock, valued at $4,667,247.78. This trade represents a 0.55% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

OppFi Trading Up 2.1%

OPFI traded up $0.15 during trading on Wednesday, hitting $7.55. 2,120,345 shares of the company’s stock were exchanged, compared to its average volume of 664,563. OppFi Inc. has a 1 year low of $6.50 and a 1 year high of $12.45. The stock has a 50 day moving average price of $8.48 and a 200 day moving average price of $8.55. The firm has a market cap of $643.66 million, a P/E ratio of 4.00 and a beta of 1.76.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OPFI shares. Citigroup reiterated a “market outperform” rating on shares of OppFi in a research note on Tuesday, August 11th. Wall Street Zen lowered OppFi from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Citizens Jmp restated a “market outperform” rating and issued a $11.00 price target on shares of OppFi in a report on Wednesday, August 26th. Stephens dropped 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 note on Tuesday, August 11th. Finally, UBS Group set a $11.00 target price on shares of OppFi in a research report on Wednesday, August 26th. Two 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.50.

Institutional Trading of OppFi

A number of hedge funds and other institutional investors have recently modified their holdings of OPFI. Wellington Management Group LLP lifted its stake in shares of OppFi by 193.3% in 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in OppFi by 163.2% in the third quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company’s stock valued at $8,840,000 after purchasing an additional 483,859 shares during the last quarter. Globeflex Capital L P acquired a new stake in OppFi during the 2nd quarter valued at approximately $3,240,000. PL Capital Advisors LLC acquired a new stake in OppFi during the 2nd quarter valued at approximately $2,979,000. Finally, Jump Financial LLC purchased a new stake in OppFi during the 3rd quarter worth approximately $3,056,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

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.