OppFi (NYSE:OPFI) Downgraded to "Strong Sell" Rating by Zacks Research

Key Points

• Zacks Research downgraded OppFi to “strong sell” from “hold,” while the broader analyst consensus remains “Hold” with a $10.50 price target.
• OppFi reported quarterly EPS of $0.33, missing the $0.44 consensus estimate, while revenue of $86.17 million fell well short of analysts’ $155.89 million forecast.
• The stock opened at $7.15, below its 50-day and 200-day moving averages, as insiders recently sold shares despite insiders retaining a 70.2% ownership stake.

OppFi (NYSE:OPFI - Get Free Report) was downgraded by equities researchers at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued on Wednesday,Zacks.com reports.

OPFI has been the subject of a number of other research reports. Stephens reduced their price target on OppFi from $11.00 to $9.50 and set an "equal weight" rating for the company in a report on Tuesday, August 11th. Citigroup restated a "market outperform" rating on shares of OppFi in a research note on Tuesday, August 11th. Piper Sandler downgraded OppFi to a "neutral" rating in a research note on Wednesday. Weiss Ratings reissued a "hold (c)" rating on shares of OppFi in a report on Friday, August 7th. Finally, UBS Group set a $11.00 price target on OppFi in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, OppFi presently has an average rating of "Hold" and a consensus price target of $10.50.

OppFi Trading Up 0.7%

NYSE OPFI opened at $7.15 on Wednesday. The firm's fifty day moving average price is $8.77 and its two-hundred day moving average price is $8.66. OppFi has a 1 year low of $6.50 and a 1 year high of $12.45. The firm has a market capitalization of $609.51 million, a P/E ratio of 3.78 and a beta of 1.77.

OppFi (NYSE:OPFI - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.11). OppFi had a net margin of 16.64% and a return on equity of 30.89%. The firm had revenue of $86.17 million during the quarter, compared to analyst estimates of $155.89 million. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. On average, research analysts anticipate that OppFi will post 1.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Christina M. Favilla sold 30,000 shares of the business's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $8.14, for a total transaction of $244,200.00. Following the completion of the sale, the director owned 156,737 shares in the company, valued at $1,275,839.18. The trade was a 16.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David Vennettilli sold 28,485 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $7.16, for a total value of $203,952.60. Following the completion of the transaction, the director directly owned 154,434 shares in the company, valued at $1,105,747.44. The trade was a 15.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders purchased 97,475 shares of company stock worth $691,768 over the last three months. Insiders own 70.20% of the company's stock.

Institutional Trading of OppFi

Institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in OppFi by 14.8% in the 2nd quarter. Wellington Management Group LLP now owns 3,019,250 shares of the company's stock valued at $29,981,000 after buying an additional 389,082 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of OppFi by 6.8% during the third quarter. Vanguard Group Inc. now owns 1,583,772 shares of the company's stock worth $17,944,000 after buying an additional 100,320 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of OppFi by 163.2% during the third quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company's stock worth $8,840,000 after buying an additional 483,859 shares in the last quarter. Nuveen LLC boosted its position in shares of OppFi by 53.8% in the fourth quarter. Nuveen LLC now owns 754,039 shares of the company's stock valued at $7,887,000 after acquiring an additional 263,744 shares during the period. Finally, Two Sigma Investments LP boosted its position in shares of OppFi by 14.3% in the third quarter. Two Sigma Investments LP now owns 646,099 shares of the company's stock valued at $7,320,000 after acquiring an additional 80,804 shares during the period. 7.10% of the stock is currently owned by institutional investors.

OppFi Company Profile

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.

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