OppFi (NYSE:OPFI) Hits New 12-Month Low – What’s Next?

OppFi Inc. (NYSE:OPFI) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.47 and last traded at $6.4750, with a volume of 91618 shares changing hands. The stock had previously closed at $6.53.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stephens lowered their price objective on OppFi from $11.00 to $9.50 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of OppFi in a research note on Friday, August 7th. Citizens Jmp reissued a “market outperform” rating and issued a $11.00 price target on shares of OppFi in a report on Wednesday, August 26th. Wall Street Zen cut shares of OppFi from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Piper Sandler downgraded shares of OppFi to a “neutral” rating in a report on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.50.

OppFi Price Performance

The business’s 50 day moving average price is $8.11 and its 200-day moving average price is $8.45. The company has a market cap of $560.24 million, a P/E ratio of 3.47 and a beta of 1.76.

OppFi (NYSE:OPFI) last released its quarterly earnings results on Monday, August 10th. The company reported $0.33 earnings per share 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 net margin of 16.64% and a return on equity of 30.89%. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. As a group, research analysts forecast that OppFi Inc. will post 1.4 EPS for the current year.

Insider Buying and Selling at OppFi

In other news, CFO Pamela Johnson sold 8,650 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $8.02, for a total transaction of $69,373.00. Following the sale, the chief financial officer directly owned 151,039 shares of the company’s stock, valued at $1,211,332.78. This represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd Schwartz purchased 3,300 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average cost of $7.96 per share, with a total value of $26,268.00. Following 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 disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 130,640 shares of company stock worth $936,475 and sold 114,985 shares worth $832,289. Corporate insiders own 70.20% of the company’s stock.

Institutional Trading of OppFi

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

OppFi Company Profile

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.