OppFi (NYSE:OPFI) Stock Bumped Up to Hold by Zacks Research

Zacks Research upgraded shares of OppFi (NYSE:OPFI) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks reports.

Several other brokerages have also recently commented on OPFI. Citizens Jmp reiterated a “market outperform” rating and issued a $11.00 target price on shares of OppFi in a report on Wednesday, August 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of OppFi in a research note on Friday, August 7th. Citigroup reiterated a “market outperform” rating on shares of OppFi in a research note on Tuesday, August 11th. Stephens reduced 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. Finally, Wall Street Zen downgraded OppFi from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.50.

OppFi Trading Up 0.2%

Shares of OPFI opened at $5.83 on Monday. The firm’s 50-day moving average is $7.00 and its two-hundred day moving average is $8.16. OppFi has a twelve month low of $5.77 and a twelve month high of $11.69. The firm has a market capitalization of $496.69 million, a P/E ratio of 3.08 and a beta of 1.78.

OppFi (NYSE:OPFI) last issued its earnings results on Monday, August 10th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.11). The business had revenue of $86.17 million during the quarter, compared to analysts’ expectations 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. Analysts predict that OppFi will post 1.40 EPS for the current year.

Insiders Place Their Bets

In other OppFi news, CFO Pamela D. Johnson sold 8,650 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $8.02, for a total value of $69,373.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher J. Mckay sold 77,850 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $7.18, for a total value of $558,963.00. Following the sale, the insider directly owned 1,431,479 shares in the company, valued at $10,278,019.22. The trade was a 5.16% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders acquired 130,640 shares of company stock valued at $936,475 and sold 114,985 shares valued at $832,289. Company insiders own 70.20% of the company’s stock.

Hedge Funds Weigh In On OppFi

Several institutional investors and hedge funds have recently modified their holdings of the business. Moran Wealth Management LLC acquired a new position in shares of OppFi in the first quarter valued at approximately $84,000. Lazard Asset Management LLC bought a new stake in shares of OppFi during the first quarter worth $91,000. Sei Investments Co. acquired a new stake in shares of OppFi during the first quarter worth $123,000. Hsbc Holdings PLC raised its holdings in shares of OppFi by 46.8% during the first quarter. Hsbc Holdings PLC now owns 16,539 shares of the company’s stock worth $127,000 after acquiring an additional 5,269 shares during the period. Finally, R Squared Ltd raised its holdings in shares of OppFi by 10.5% during the first quarter. R Squared Ltd now owns 21,684 shares of the company’s stock worth $167,000 after acquiring an additional 2,053 shares during the period. 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 credit and related financial services to consumers who may have limited access to traditional banking products. The company primarily serves non-prime consumers in the United States and uses technology and data-driven underwriting to evaluate applicants and facilitate access to personal loans.

OppFi’s core offering is its personal-loan platform, which is designed to provide installment credit for expenses such as emergencies, bills and other everyday financial needs.