OppFi (NYSE:OPFI) Reaches New 52-Week Low – Here’s Why

OppFi Inc. (NYSE:OPFI) shares reached a new 52-week low on Monday. The company traded as low as $5.91 and last traded at $5.97, with a volume of 225 shares traded. The stock had previously closed at $5.97.

Analysts Set New Price Targets

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

OppFi Trading Up 2.2%

The stock’s 50 day moving average price is $7.36 and its two-hundred day moving average price is $8.23. The firm has a market capitalization of $526.17 million, a PE ratio of 3.27 and a beta of 1.78.

OppFi (NYSE:OPFI) last posted its earnings results on Monday, August 10th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.11). The company 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 expect that OppFi Inc. will post 1.4 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Christopher J. Mckay sold 77,850 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $7.18, for a total value of $558,963.00. Following the completion of the transaction, the insider owned 1,431,479 shares of the company’s stock, valued at approximately $10,278,019.22. The trade was a 5.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Pamela D. Johnson sold 8,650 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $8.02, for a total transaction of $69,373.00. Following the completion of the transaction, the chief financial officer owned 151,039 shares in the company, valued at approximately $1,211,332.78. This trade represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders purchased 130,640 shares of company stock valued at $936,475 and sold 114,985 shares valued at $832,289. 70.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OppFi

Institutional investors have recently modified their holdings of the company. Moran Wealth Management LLC purchased a new position in shares of OppFi during the first quarter valued at approximately $84,000. Lazard Asset Management LLC purchased a new stake in OppFi in the 1st quarter worth approximately $91,000. Sei Investments Co. acquired a new position in OppFi in the 1st quarter valued at $123,000. Hsbc Holdings PLC raised its holdings in OppFi by 46.8% in the 1st quarter. Hsbc Holdings PLC now owns 16,539 shares of the company’s stock valued at $127,000 after acquiring an additional 5,269 shares during the last quarter. Finally, R Squared Ltd lifted its stake in shares of OppFi by 10.5% during the 1st quarter. R Squared Ltd now owns 21,684 shares of the company’s stock worth $167,000 after purchasing an additional 2,053 shares during the period. Institutional investors and hedge funds own 7.10% of the company’s stock.

About OppFi

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.