OppFi Inc. (NYSE:OPFI) Given Average Recommendation of “Hold” by Analysts

Shares of OppFi Inc. (NYSE:OPFI) have been given a consensus recommendation of “Hold” by the four research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $13.00.

Several equities analysts have recently issued reports on OPFI shares. Citizens Jmp lowered their target price on shares of OppFi from $16.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday, April 17th. Wall Street Zen cut shares of OppFi from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded shares of OppFi from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday. Finally, Stephens upped their target price on shares of OppFi from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th.

Insiders Place Their Bets

In other OppFi news, Director Jocelyn Moore sold 8,190 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $8.53, for a total transaction of $69,860.70. Following the transaction, the director directly owned 39,076 shares of the company’s stock, valued at $333,318.28. This trade represents a 17.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Vennettilli sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $10.00, for a total transaction of $100,000.00. Following the completion of the transaction, the director directly owned 132,389 shares in the company, valued at approximately $1,323,890. This represents a 7.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 70.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OppFi

A number of institutional investors and hedge funds have recently made changes to their positions in OPFI. Wellington Management Group LLP grew its holdings in OppFi by 193.3% during the 4th quarter. Wellington Management Group LLP now owns 2,474,102 shares of the company’s stock worth $25,879,000 after acquiring an additional 1,630,450 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of OppFi by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,583,772 shares of the company’s stock worth $17,944,000 after purchasing an additional 100,320 shares during the period. JPMorgan Chase & Co. grew its stake in OppFi by 163.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company’s stock valued at $8,840,000 after acquiring an additional 483,859 shares during the last quarter. Nuveen LLC boosted its stake in shares of OppFi by 53.8% during the 4th quarter. Nuveen LLC now owns 754,039 shares of the company’s stock worth $7,887,000 after purchasing an additional 263,744 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of OppFi by 14.3% during the 3rd quarter. Two Sigma Investments LP now owns 646,099 shares of the company’s stock worth $7,320,000 after purchasing an additional 80,804 shares during the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

OppFi Price Performance

Shares of OPFI stock opened at $8.64 on Friday. The stock has a market capitalization of $737.43 million, a price-to-earnings ratio of 9.29 and a beta of 1.86. OppFi has a 1 year low of $7.36 and a 1 year high of $15.03. The company’s fifty day simple moving average is $8.54 and its two-hundred day simple moving average is $9.41.

OppFi (NYSE:OPFI) last released its earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. OppFi had a return on equity of 39.90% and a net margin of 10.86%.The business had revenue of $87.30 million for the quarter, compared to analysts’ expectations of $151.14 million. Equities research analysts anticipate that OppFi will post 1.8 EPS for the current year.

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.