OppFi (NYSE:OPFI) Stock Price Down 9% – Time to Sell?

Shares of OppFi Inc. (NYSE:OPFI) traded down 9% on Monday . The company traded as low as $10.18 and last traded at $10.27. 1,222,168 shares changed hands during trading, a decline of 52% from the average session volume of 2,532,489 shares. The stock had previously closed at $11.29.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OPFI. JMP Securities lowered shares of OppFi from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th. Citizens Jmp downgraded shares of OppFi from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Northland Securities boosted their price target on shares of OppFi from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, December 13th.

OppFi Stock Performance

The company has a market cap of $905.85 million, a P/E ratio of 65.67 and a beta of 1.56. The stock has a 50-day moving average of $11.01 and a two-hundred day moving average of $7.44.

Insiders Place Their Bets

In related news, Director David Vennettilli sold 22,301 shares of OppFi stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $7.68, for a total value of $171,271.68. Following the sale, the director now owns 121,524 shares in the company, valued at $933,304.32. The trade was a 15.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 84.00% of the company’s stock.

Institutional Investors Weigh In On OppFi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of OppFi by 271.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock worth $173,000 after purchasing an additional 26,742 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in OppFi during the 3rd quarter valued at about $2,457,000. Barclays PLC increased its stake in OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after purchasing an additional 20,630 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of OppFi in the fourth quarter worth approximately $195,000. Finally, Geode Capital Management LLC grew its holdings in shares of OppFi by 4.7% during the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after buying an additional 18,149 shares during the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

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.