OppFi (NYSE:OPFI) Given "Market Outperform" Rating at Citizens Jmp

Key Points

• Citizens JMP reaffirmed its “Market Outperform” rating on OppFi and maintained an $11 price target, implying approximately 50.44% upside from the prior close.
• Analyst sentiment remains mixed: two analysts rate OppFi a Buy and four rate it Hold, producing a consensus Hold rating and an average price target of $10.50.
• OppFi reported quarterly EPS of $0.33, below the $0.44 consensus estimate, while revenue of $86.17 million also missed expectations. CEO Todd Schwartz bought 60,000 shares, although a director sold 28,485 shares.

OppFi (NYSE:OPFI - Get Free Report)'s stock had its "market outperform" rating reissued by investment analysts at Citizens Jmp in a research note issued on Wednesday,Benzinga reports. They currently have a $11.00 price target on the stock. Citizens Jmp's price target would indicate a potential upside of 50.44% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the company. Zacks Research cut OppFi from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. Citigroup restated a "market outperform" rating on shares of OppFi in a research note on Tuesday, August 11th. Wall Street Zen lowered shares of OppFi from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Stephens lowered their price objective on shares of OppFi from $11.00 to $9.50 and set an "equal weight" rating for the company in a research report on Tuesday, August 11th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of OppFi in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $10.50.

OppFi Price Performance

Shares of NYSE OPFI opened at $7.31 on Wednesday. OppFi has a fifty-two week low of $6.50 and a fifty-two week high of $12.45. The stock has a market capitalization of $623.06 million, a PE ratio of 3.87 and a beta of 1.77. The business has a fifty day moving average price of $8.82 and a two-hundred day moving average price of $8.68.

OppFi (NYSE:OPFI - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.11). OppFi had a return on equity of 30.89% and a net margin of 16.64%.The firm had revenue of $86.17 million for 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, equities analysts expect that OppFi will post 1.4 EPS for the current year.

Insiders Place Their Bets

In other news, Director David Vennettilli sold 28,485 shares of the company's stock in a transaction 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 sale, the director directly owned 154,434 shares of the company's stock, valued at approximately $1,105,747.44. This represents a 15.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Todd G. Schwartz acquired 60,000 shares of OppFi stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average cost of $7.05 per share, for a total transaction of $423,000.00. Following the completion of the purchase, the chief executive officer owned 553,733 shares in the company, valued at approximately $3,903,817.65. The trade was a 12.15% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 93,975 shares of company stock valued at $666,603. 70.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OppFi

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP increased its stake in shares of OppFi by 193.3% in the 4th quarter. Wellington Management Group LLP now owns 2,474,102 shares of the company's stock valued at $25,879,000 after acquiring an additional 1,630,450 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in OppFi by 163.2% in the third quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company's stock worth $8,840,000 after purchasing an additional 483,859 shares during the period. Globeflex Capital L P acquired a new stake in OppFi in the second quarter worth $3,240,000. PL Capital Advisors LLC bought a new stake in OppFi in the second quarter valued at $2,979,000. Finally, Jump Financial LLC bought a new stake in OppFi in the third quarter valued at $3,056,000. Institutional investors own 7.10% of the company's stock.

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.

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