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

OppFi (NYSE:OPFI) was upgraded by stock analysts at JMP Securities from a “market perform” rating to a “market outperform” rating in a research report issued on Thursday,Benzinga reports. The firm currently has a $13.50 target price on the stock. JMP Securities’ price target suggests a potential upside of 16.08% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Citizens Jmp upgraded OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 price target on the stock in a research note on Thursday. Northland Securities set a $13.00 target price on OppFi in a research report on Thursday, March 6th.

OppFi Stock Performance

NYSE OPFI opened at $11.63 on Thursday. OppFi has a one year low of $2.82 and a one year high of $17.73. The stock has a 50-day moving average of $9.28 and a 200 day moving average of $9.18. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 72.69 and a beta of 1.61.

OppFi (NYSE:OPFI) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.12. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The firm had revenue of $140.27 million during the quarter, compared to analysts’ expectations of $137.71 million. On average, equities analysts predict that OppFi will post 0.86 earnings per share for the current fiscal year.

Insider Transactions at OppFi

In other OppFi news, Director Theodore G. Schwartz sold 165,174 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $10.58, for a total transaction of $1,747,540.92. Following the completion of the sale, the director now owns 186,737 shares of the company’s stock, valued at approximately $1,975,677.46. The trade was a 46.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Vennettilli sold 43,238 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $9.45, for a total value of $408,599.10. Following the completion of the transaction, the director now directly owns 90,762 shares in the company, valued at $857,700.90. This trade represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,027,991 shares of company stock worth $9,489,160 in the last three months. Corporate insiders own 84.00% of the company’s stock.

Hedge Funds Weigh In On OppFi

A number of hedge funds have recently modified their holdings of the company. Jane Street Group LLC raised its position in shares of OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after purchasing an additional 5,795 shares during the period. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 18,149 shares during the period. Barclays PLC lifted its position in shares of OppFi by 95.9% in the third quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after acquiring an additional 20,630 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of OppFi by 271.7% in the third quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock worth $173,000 after acquiring an additional 26,742 shares during the period. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of OppFi in the fourth quarter worth about $195,000. 7.10% of the stock is currently owned by 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.