OppFi (NYSE:OPFI) Stock Rating Reaffirmed by JMP Securities

OppFi (NYSE:OPFI)‘s stock had its “market outperform” rating reaffirmed by research analysts at JMP Securities in a report issued on Wednesday, Benzinga reports. They currently have a $5.00 target price on the stock. JMP Securities’ price objective would suggest a potential upside of 73.01% from the stock’s current price.

OppFi Stock Down 1.0 %

NYSE OPFI opened at $2.89 on Wednesday. OppFi has a 12-month low of $1.81 and a 12-month high of $5.34. The company has a market capitalization of $319.84 million, a PE ratio of -144.43 and a beta of 1.23. The firm’s 50 day moving average is $3.01 and its 200-day moving average is $3.27.

OppFi (NYSE:OPFI) last issued its earnings results on Thursday, March 7th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $132.92 million for the quarter, compared to the consensus estimate of $133.49 million. OppFi had a negative net margin of 0.20% and a positive return on equity of 23.92%. During the same period in the previous year, the company earned ($0.19) earnings per share. As a group, sell-side analysts expect that OppFi will post 0.55 EPS for the current year.

Hedge Funds Weigh In On OppFi

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new position in OppFi during the second quarter worth $26,000. JPMorgan Chase & Co. increased its holdings in shares of OppFi by 479.7% in the second quarter. JPMorgan Chase & Co. now owns 8,696 shares of the company’s stock valued at $29,000 after purchasing an additional 7,196 shares during the last quarter. Mariner LLC acquired a new position in shares of OppFi in the fourth quarter valued at $30,000. Barclays PLC increased its holdings in shares of OppFi by 490.0% in the third quarter. Barclays PLC now owns 14,507 shares of the company’s stock valued at $37,000 after purchasing an additional 12,048 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of OppFi in the first quarter valued at $43,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.

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.