OppFi (NYSE:OPFI) Trading 7.9% Higher – Time to Buy?

OppFi Inc. (NYSE:OPFI) shares traded up 7.9% on Monday . The company traded as high as $11.54 and last traded at $11.59. 322,874 shares were traded during trading, a decline of 75% from the average session volume of 1,267,115 shares. The stock had previously closed at $10.74.

Analyst Upgrades and Downgrades

OPFI has been the topic of a number of research reports. Zacks Research upgraded OppFi from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of OppFi in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.63.

OppFi Trading Up 6.7%

The stock has a market cap of $989.72 million, a P/E ratio of -15.28 and a beta of 1.69. The firm’s fifty day moving average is $9.97 and its 200 day moving average is $11.03.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.15. OppFi had a return on equity of 55.59% and a net margin of 0.68%.The business had revenue of $155.09 million for the quarter, compared to analyst estimates of $153.42 million. OppFi has set its FY 2025 guidance at 1.540-1.600 EPS. Research analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jocelyn Moore sold 4,464 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $10.91, for a total value of $48,702.24. Following the sale, the director owned 47,266 shares in the company, valued at approximately $515,672.06. This trade represents a 8.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Pamela D. Johnson sold 5,497 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $11.21, for a total transaction of $61,621.37. Following the transaction, the chief financial officer owned 154,521 shares of the company’s stock, valued at approximately $1,732,180.41. The trade was a 3.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 21,227 shares of company stock valued at $233,744. 72.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On OppFi

A number of institutional investors have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new position in OppFi in the 2nd quarter valued at approximately $25,000. Quarry LP bought a new stake in shares of OppFi during the first quarter valued at approximately $27,000. Accredited Wealth Management LLC bought a new stake in shares of OppFi during the third quarter valued at approximately $49,000. Russell Investments Group Ltd. raised its stake in shares of OppFi by 217.6% in the second quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company’s stock valued at $65,000 after purchasing an additional 3,207 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in OppFi by 393.4% in the first quarter. Quantbot Technologies LP now owns 7,169 shares of the company’s stock worth $67,000 after purchasing an additional 5,716 shares during the period. 7.10% of the stock is owned by institutional investors and hedge funds.

About OppFi

OppFi (NYSE: OPFI) is a financial technology company that provides digital lending and credit solutions designed to meet the needs of near-prime consumers in the United States. Through its technology-driven platform, OppFi offers unsecured installment loans under the OppLoans brand, allowing borrowers to access credit online or via mobile devices. The company leverages proprietary data analytics and machine learning models to assess credit risk, streamline underwriting processes and deliver personalized loan products with transparent terms.

Headquartered in Chicago, Illinois, OppFi was founded in 2013 with a mission to increase financial inclusion for underserved and underbanked populations.