Christopher Mckay Sells 77,850 Shares of OppFi (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) insider Christopher Mckay sold 77,850 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $7.18, for a total transaction of $558,963.00. Following the sale, the insider owned 1,431,479 shares of the company’s stock, valued at approximately $10,278,019.22. This represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

OppFi Stock Down 1.0%

Shares of OppFi stock traded down $0.07 on Friday, reaching $7.08. The company’s stock had a trading volume of 895,834 shares, compared to its average volume of 658,637. The company has a market capitalization of $603.29 million, a price-to-earnings ratio of 3.75 and a beta of 1.77. The firm’s fifty day simple moving average is $8.77 and its two-hundred day simple moving average is $8.66. OppFi Inc. has a 52 week low of $6.50 and a 52 week high of $12.45.

OppFi (NYSE:OPFI) last released its quarterly earnings data on Monday, August 10th. The company reported $0.33 EPS 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 analysts’ expectations of $155.89 million. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. As a group, research analysts predict that OppFi Inc. will post 1.4 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stephens decreased their price objective on shares of OppFi from $11.00 to $9.50 and set an “equal weight” rating for the company in a report on Tuesday, August 11th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $11.00 target price on shares of OppFi in a research report on Wednesday. Piper Sandler lowered shares of OppFi to a “neutral” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of OppFi in a report on Friday, August 7th. Finally, UBS Group set a $11.00 price target on OppFi in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.50.

Hedge Funds Weigh In On OppFi

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its holdings in OppFi by 191.3% during the first quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company’s stock valued at $1,767,000 after purchasing an additional 124,744 shares during the period. Rhumbline Advisers raised its stake in shares of OppFi by 23.3% in the first quarter. Rhumbline Advisers now owns 19,362 shares of the company’s stock worth $180,000 after buying an additional 3,662 shares during the period. Creative Planning purchased a new position in shares of OppFi during the 2nd quarter valued at about $188,000. Cetera Investment Advisers purchased a new position in shares of OppFi during the 2nd quarter valued at about $206,000. Finally, JPMorgan Chase & Co. lifted its position in shares of OppFi by 3,200.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 296,399 shares of the company’s stock valued at $4,147,000 after buying an additional 287,418 shares in the last quarter. 7.10% of the stock is currently 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.