OppFi Inc. (NYSE:OPFI) Stock Has Average Price Target of $10.50 According to Brokerages

Shares of OppFi Inc. (NYSE:OPFI) have been given a consensus rating of “Hold” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $10.50.

OPFI has been the topic of several analyst reports. Piper Sandler downgraded shares of OppFi to a “neutral” rating in a report on Wednesday, August 26th. Zacks Research raised shares of OppFi from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. UBS Group set a $11.00 price objective on OppFi in a research note on Wednesday, August 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of OppFi in a research report on Wednesday, November 4th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $11.00 target price on shares of OppFi in a research note on Wednesday, August 26th.

Insider Buying and Selling at OppFi

In related news, CEO Todd G. Schwartz bought 3,300 shares of the stock in a transaction dated Friday, September 11th. The shares were purchased at an average price of $7.96 per share, with a total value of $26,268.00. Following the completion of the acquisition, the chief executive officer owned 639,958 shares of the company’s stock, valued at $5,094,065.68. This represents a 0.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Pamela D. Johnson sold 8,650 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $8.02, for a total transaction of $69,373.00. Following the transaction, the chief financial officer owned 151,039 shares of the company’s stock, valued at approximately $1,211,332.78. This represents a 5.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders purchased 130,640 shares of company stock valued at $936,475 and sold 114,985 shares valued at $832,289. Insiders own 70.20% of the company’s stock.

Institutional Trading of OppFi

Several hedge funds have recently bought and sold shares of OPFI. Lazard Asset Management LLC purchased a new position in shares of OppFi during the first quarter valued at about $91,000. Sei Investments Co. purchased a new stake in shares of OppFi in the first quarter worth about $123,000. Hsbc Holdings PLC lifted its position in shares of OppFi by 46.8% in the first quarter. Hsbc Holdings PLC now owns 16,539 shares of the company’s stock worth $127,000 after buying an additional 5,269 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in OppFi by 16.4% during the third quarter. State of Alaska Department of Revenue now owns 26,141 shares of the company’s stock valued at $157,000 after buying an additional 3,689 shares during the last quarter. Finally, Corsair Capital Management L.P. bought a new position in OppFi during the first quarter valued at approximately $229,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

OppFi Stock Performance

NYSE:OPFI opened at $6.22 on Friday. The stock has a 50-day simple moving average of $6.31 and a two-hundred day simple moving average of $8.12. OppFi has a 52-week low of $5.36 and a 52-week high of $11.69. The firm has a market capitalization of $530.09 million, a PE ratio of 4.09 and a beta of 1.95.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. OppFi had a return on equity of 26.61% and a net margin of 15.62%. The firm had revenue of $92.75 million for the quarter, compared to the consensus estimate of $152.10 million. Equities analysts forecast that OppFi will post 1.36 earnings per share for the current fiscal year.

OppFi Company Profile

OppFi Inc is a financial technology company that provides access to credit for consumers who may have limited or impaired credit histories. Through its digital platform, the company offers personal installment loans and related financial products designed to provide borrowers with a structured repayment schedule and access to funds for everyday financial needs.

OppFi’s primary brand, OppLoans, uses technology and data-driven underwriting to deliver financial services online. The company has also offered products such as the OppFi Card and other credit-building or cash-flow management solutions, subject to availability and applicable regulatory requirements.