Christopher Mckay Sells 1,107 Shares of OppFi (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) insider Christopher Mckay sold 1,107 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $9.85, for a total value of $10,903.95. Following the transaction, the insider directly owned 171,022 shares in the company, valued at $1,684,566.70. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

OppFi Stock Up 2.6%

Shares of OPFI traded up $0.25 during trading hours on Wednesday, reaching $9.92. The company’s stock had a trading volume of 633,868 shares, compared to its average volume of 1,372,335. The company has a 50 day moving average of $10.52 and a two-hundred day moving average of $11.29. The firm has a market cap of $866.12 million, a price-to-earnings ratio of -13.23 and a beta of 1.69. OppFi Inc. has a 1-year low of $5.12 and a 1-year high of $17.73.

OppFi (NYSE:OPFI) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.15. The firm had revenue of $155.09 million for the quarter, compared to the consensus estimate of $153.42 million. OppFi had a net margin of 0.68% and a return on equity of 58.48%. OppFi has set its FY 2025 guidance at 1.540-1.600 EPS. As a group, analysts forecast that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Hedge Funds Weigh In On OppFi

A number of institutional investors and hedge funds have recently bought and sold shares of OPFI. Allspring Global Investments Holdings LLC acquired a new position in shares of OppFi during the second quarter valued at $499,000. Stratos Wealth Partners LTD. acquired a new position in OppFi during the 1st quarter valued at about $246,000. DAVENPORT & Co LLC acquired a new position in OppFi during the 1st quarter valued at about $359,000. American Century Companies Inc. boosted its stake in shares of OppFi by 29.0% in the 1st quarter. American Century Companies Inc. now owns 43,654 shares of the company’s stock valued at $406,000 after purchasing an additional 9,808 shares during the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new stake in shares of OppFi during the 1st quarter worth approximately $261,000. Institutional investors own 7.10% of the company’s stock.

Wall Street Analyst Weigh In

OPFI has been the topic of a number of research reports. Zacks Research downgraded shares of OppFi from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “sell (d)” rating on shares of OppFi in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.63.

OppFi Company Profile

OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.