OppFi (NYSE:OPFI) Shares Gap Down – What’s Next?

OppFi Inc. (NYSE:OPFI)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $13.71, but opened at $12.62. OppFi shares last traded at $13.31, with a volume of 811,257 shares trading hands.

Wall Street Analyst Weigh In

Separately, Northland Securities boosted their price objective on OppFi from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th.

OppFi Trading Up 9.0 %

The business’s fifty day simple moving average is $9.23 and its two-hundred day simple moving average is $6.43. The stock has a market capitalization of $1.29 billion, a P/E ratio of 93.82 and a beta of 1.56.

OppFi (NYSE:OPFI) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.12. The company had revenue of $136.59 million during the quarter, compared to the consensus estimate of $128.94 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same quarter last year, the company earned $0.16 EPS. On average, equities research analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current year.

Insider Activity

In other news, Director David Vennettilli sold 100,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $6.45, for a total value of $645,000.00. Following the sale, the director now owns 143,825 shares of the company’s stock, valued at approximately $927,671.25. This represents a 41.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jocelyn Moore sold 23,149 shares of OppFi stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $6.70, for a total transaction of $155,098.30. Following the transaction, the director now directly owns 99,072 shares of the company’s stock, valued at $663,782.40. This represents a 18.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,450 shares of company stock worth $971,370. Company insiders own 84.00% of the company’s stock.

Hedge Funds Weigh In On OppFi

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Segall Bryant & Hamill LLC bought a new position in shares of OppFi in the third quarter valued at about $2,457,000. Geode Capital Management LLC increased its position in OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after acquiring an additional 18,149 shares in the last quarter. Marshall Wace LLP raised its stake in shares of OppFi by 24.2% in the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after acquiring an additional 33,347 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in shares of OppFi by 97.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 148,344 shares of the company’s stock worth $1,136,000 after purchasing an additional 73,258 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of OppFi by 95.9% during the third quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after purchasing an additional 20,630 shares during the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

About OppFi

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.