OppFi Inc. (NYSE:OPFI) Receives Consensus Recommendation of “Hold” from Brokerages

OppFi Inc. (NYSE:OPFI) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $13.6250.

A number of research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OppFi in a research report on Wednesday, October 8th. Zacks Research cut OppFi from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th.

Insider Buying and Selling

In related news, CFO Pamela D. Johnson sold 5,497 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $11.21, for a total value of $61,621.37. Following the transaction, the chief financial officer directly owned 154,521 shares of the company’s stock, valued at approximately $1,732,180.41. The trade was a 3.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher J. Mckay sold 9,030 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $11.21, for a total value of $101,226.30. Following the completion of the transaction, the insider directly owned 172,129 shares in the company, valued at approximately $1,929,566.09. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 219,811 shares of company stock valued at $2,408,743. Corporate insiders own 72.00% of the company’s stock.

Institutional Trading of OppFi

A number of large investors have recently added to or reduced their stakes in the company. AlphaQuest LLC increased its stake in OppFi by 9.8% in the 2nd quarter. AlphaQuest LLC now owns 11,225 shares of the company’s stock worth $157,000 after acquiring an additional 1,004 shares during the last quarter. Strategic Investment Solutions Inc. IL increased its stake in OppFi by 65.5% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company’s stock worth $30,000 after acquiring an additional 1,277 shares during the last quarter. Great Valley Advisor Group Inc. increased its stake in OppFi by 6.1% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 24,895 shares of the company’s stock worth $348,000 after acquiring an additional 1,423 shares during the last quarter. Quantbot Technologies LP increased its stake in OppFi by 20.8% in the 2nd quarter. Quantbot Technologies LP now owns 8,663 shares of the company’s stock worth $121,000 after acquiring an additional 1,494 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in OppFi by 15.1% in the 2nd quarter. Intech Investment Management LLC now owns 13,157 shares of the company’s stock worth $184,000 after acquiring an additional 1,731 shares during the last quarter. Institutional investors own 7.10% of the company’s stock.

OppFi Stock Up 1.2%

OPFI stock opened at $9.74 on Tuesday. OppFi has a twelve month low of $4.83 and a twelve month high of $17.73. The stock has a market cap of $850.05 million, a P/E ratio of -12.98 and a beta of 1.71. The business’s 50-day moving average price is $10.54 and its 200-day moving average price is $11.25.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.15. OppFi had a return on equity of 58.48% and a net margin of 0.68%.The firm had revenue of $155.09 million for the quarter, compared to analysts’ expectations of $153.42 million. OppFi has set its FY 2025 guidance at 1.540-1.600 EPS. On average, equities research analysts expect that OppFi will post 0.86 earnings per share for the current fiscal year.

OppFi Company Profile

OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.