Insider Buying: OppFi (NYSE:OPFI) CEO Acquires 3,350 Shares of Stock

OppFi Inc. (NYSE:OPFI) CEO Todd Schwartz purchased 3,350 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average price of $7.56 per share, for a total transaction of $25,326.00. Following the completion of the purchase, the chief executive officer directly owned 636,658 shares in the company, valued at $4,813,134.48. This represents a 0.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

OppFi Stock Up 4.5%

OPFI traded up $0.34 on Friday, reaching $7.93. The company had a trading volume of 978,419 shares, compared to its average volume of 669,043. OppFi Inc. has a 1 year low of $6.50 and a 1 year high of $12.45. The stock has a market capitalization of $675.63 million, a PE ratio of 4.20 and a beta of 1.76. The stock has a 50-day moving average price of $8.38 and a 200-day moving average price of $8.53.

OppFi (NYSE:OPFI) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.11). OppFi had a return on equity of 30.89% and a net margin of 16.64%.The firm 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, analysts expect that OppFi Inc. will post 1.4 earnings per share for the current fiscal year.

Institutional Trading of OppFi

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

Analyst Upgrades and Downgrades

Several research firms recently commented on OPFI. Piper Sandler downgraded shares of OppFi to a “neutral” rating in a research report on Wednesday, August 26th. Wall Street Zen downgraded shares of OppFi from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. UBS Group set a $11.00 price objective on shares of OppFi in a research note on Wednesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of OppFi in a report on Friday, August 7th. Finally, Zacks Research cut shares of OppFi from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.50.

About OppFi

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.