OppFi (NYSE:OPFI) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded OppFi from “strong sell” to “hold,” while the broader analyst consensus remains “Hold” with a $10.50 price target.
• OppFi shares opened at $5.83, near their 52-week low of $5.77, with the stock trading below both its 50-day and 200-day moving averages.
• The company’s latest quarter fell short of expectations, reporting $0.33 EPS versus $0.44 expected and $86.17 million in revenue versus $155.89 million forecast.

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

OPFI has been the subject of several other 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. Weiss Ratings reissued a "hold (c)" rating on shares of OppFi in a research note on Friday, August 7th. Piper Sandler downgraded OppFi to a "neutral" rating in a research note on Wednesday, August 26th. Citigroup restated a "market outperform" rating on shares of OppFi in a research report on Tuesday, August 11th. Finally, Wall Street Zen downgraded shares of OppFi from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $10.50.

OppFi Price Performance

NYSE OPFI opened at $5.83 on Monday. The company has a fifty day moving average of $7.00 and a two-hundred day moving average of $8.16. The company has a market capitalization of $496.69 million, a PE ratio of 3.08 and a beta of 1.78. OppFi has a 1 year low of $5.77 and a 1 year high of $11.69.

OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.11). OppFi had a return on equity of 30.89% and a net margin of 16.64%. The business had revenue of $86.17 million for the quarter, compared to analysts' expectations of $155.89 million. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. On average, research analysts expect that OppFi will post 1.40 earnings per share for the current year.

Insider Activity at OppFi

In other OppFi news, insider Christopher Mckay sold 77,850 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $7.18, for a total transaction of $558,963.00. Following the sale, the insider owned 1,431,479 shares in the company, valued at $10,278,019.22. This represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Pamela Johnson sold 8,650 shares of the business's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $8.02, for a total transaction of $69,373.00. Following the sale, the chief financial officer directly owned 151,039 shares of the company's stock, valued at approximately $1,211,332.78. This represents a 5.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have purchased 130,640 shares of company stock valued at $936,475 and have sold 114,985 shares valued at $832,289. 70.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OppFi

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in shares of OppFi by 14.8% in the 2nd quarter. Wellington Management Group LLP now owns 3,019,250 shares of the company's stock worth $29,981,000 after buying an additional 389,082 shares in the last quarter. Renaissance Technologies LLC grew its stake in OppFi by 2.3% during the 1st quarter. Renaissance Technologies LLC now owns 630,308 shares of the company's stock valued at $4,860,000 after acquiring an additional 14,100 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of OppFi by 50.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 426,089 shares of the company's stock valued at $3,285,000 after buying an additional 141,949 shares during the period. Globeflex Capital L P purchased a new stake in shares of OppFi during the 2nd quarter worth about $3,240,000. Finally, PL Capital Advisors LLC acquired a new stake in OppFi in the second quarter valued at approximately $2,979,000. 7.10% of the stock is currently owned by institutional investors.

About OppFi

OppFi Inc NYSE: OPFI is a financial technology company that provides credit and related financial services to consumers who may have limited access to traditional banking products. The company primarily serves non-prime consumers in the United States and uses technology and data-driven underwriting to evaluate applicants and facilitate access to personal loans.

OppFi's core offering is its personal-loan platform, which is designed to provide installment credit for expenses such as emergencies, bills and other everyday financial needs.

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