OppFi (NYSE:OPFI) Sets New 52-Week Low – Here’s What Happened

OppFi Inc. (NYSE:OPFI)’s stock price reached a new 52-week low during trading on Monday. The stock traded as low as $6.11 and last traded at $6.14, with a volume of 28376 shares changing hands. The stock had previously closed at $6.28.

Analyst Ratings Changes

OPFI has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of OppFi in a report on Friday, August 7th. Wall Street Zen cut shares of OppFi from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Piper Sandler lowered shares of OppFi to a “neutral” rating in a report on Wednesday, August 26th. Citizens Jmp restated a “market outperform” rating and set a $11.00 price objective on shares of OppFi in a research report on Wednesday, August 26th. Finally, Zacks Research lowered shares of OppFi from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, OppFi presently has a consensus rating of “Hold” and an average target price of $10.50.

OppFi Stock Performance

The company has a 50 day moving average price of $7.81 and a 200 day moving average price of $8.35. The firm has a market cap of $522.76 million, a price-to-earnings ratio of 3.24 and a beta of 1.76.

OppFi (NYSE:OPFI) last issued 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 analyst estimates of $155.89 million. OppFi had a return on equity of 30.89% and a net margin of 16.64%.OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. On average, research analysts forecast that OppFi Inc. will post 1.4 earnings per share for the current year.

Insider Buying and Selling at OppFi

In related news, insider Christopher J. Mckay sold 77,850 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $7.18, for a total transaction of $558,963.00. Following the completion of the transaction, the insider owned 1,431,479 shares of the company’s stock, valued at approximately $10,278,019.22. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Todd G. Schwartz acquired 3,300 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average cost of $7.96 per share, with a total value of $26,268.00. Following the transaction, the chief executive officer directly owned 639,958 shares in the company, valued at $5,094,065.68. This trade represents a 0.52% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 130,640 shares of company stock worth $936,475 and sold 114,985 shares worth $832,289. Company insiders own 70.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. AXQ Capital LP acquired a new stake in shares of OppFi in the second quarter valued at $426,000. PL Capital Advisors LLC acquired a new position in OppFi during the 2nd quarter worth about $2,979,000. Wellington Management Group LLP boosted its holdings in OppFi by 14.8% during the 2nd quarter. Wellington Management Group LLP now owns 3,019,250 shares of the company’s stock valued at $29,981,000 after acquiring an additional 389,082 shares during the period. Globeflex Capital L P purchased a new position in OppFi during the 2nd quarter valued at about $3,240,000. Finally, Bank of New York Mellon Corp acquired a new position in OppFi in the 2nd quarter valued at about $891,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.

About OppFi

OppFi Inc (NYSE: OPFI) is a financial technology company that provides access to credit for consumers who may have limited or impaired credit histories. Through its OppLoans platform, the company offers unsecured personal installment loans designed to help customers manage expenses, consolidate debt, or address other short-term financial needs.

OppFi uses technology, data analysis, and automated underwriting to evaluate applicants and facilitate loan applications through digital channels.