OppFi Inc. $OPFI Stock Position Increased by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in OppFi Inc. by 116.4%, owning approximately 0.23% of the company after acquiring 105,123 additional shares.
• OppFi reported an earnings per share (EPS) of $0.45, exceeding analysts' expectations of $0.30, alongside revenue of $142.44 million.
• Currently, OppFi has received a consensus rating of "Buy" from analysts, with a price target set at $13.63.

Jump Financial LLC boosted its holdings in shares of OppFi Inc. (NYSE:OPFI - Free Report) by 116.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,417 shares of the company's stock after acquiring an additional 105,123 shares during the period. Jump Financial LLC owned 0.23% of OppFi worth $1,817,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL grew its position in shares of OppFi by 65.5% in the first quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock valued at $30,000 after purchasing an additional 1,277 shares in the last quarter. GAMMA Investing LLC raised its holdings in OppFi by 2,488.9% in the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $48,000 after buying an additional 4,953 shares during the period. Ancora Advisors LLC purchased a new position in shares of OppFi during the fourth quarter worth $65,000. Quantbot Technologies LP boosted its position in shares of OppFi by 393.4% during the first quarter. Quantbot Technologies LP now owns 7,169 shares of the company's stock worth $67,000 after buying an additional 5,716 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of OppFi by 8.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock valued at $83,000 after purchasing an additional 866 shares during the period. 7.10% of the stock is owned by hedge funds and other institutional investors.

OppFi Price Performance

Shares of NYSE OPFI traded up $0.02 during trading on Monday, hitting $10.18. 703,659 shares of the company were exchanged, compared to its average volume of 1,274,012. OppFi Inc. has a 1 year low of $3.93 and a 1 year high of $17.73. The company has a market cap of $889.04 million, a price-to-earnings ratio of -7.77 and a beta of 1.70. The firm's fifty day moving average price is $11.66 and its 200 day moving average price is $10.98.

OppFi (NYSE:OPFI - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.15. OppFi had a positive return on equity of 53.83% and a negative net margin of 6.04%.The company had revenue of $142.44 million for the quarter, compared to the consensus estimate of $141.19 million. On average, research analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current year.

Insider Buying and Selling

In other OppFi news, CFO Pamela D. Johnson sold 35,890 shares of OppFi stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $13.97, for a total transaction of $501,383.30. Following the sale, the chief financial officer directly owned 173,018 shares in the company, valued at $2,417,061.46. The trade was a 17.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory T. Zeeman sold 50,000 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $13.98, for a total transaction of $699,000.00. Following the transaction, the director directly owned 149,644 shares in the company, valued at $2,092,023.12. The trade was a 25.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,055,699 shares of company stock valued at $12,935,298. 72.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OPFI. Citizens Jmp raised shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price on the stock in a research note on Thursday, May 8th. Zacks Research upgraded OppFi to a "strong-buy" rating in a research note on Friday, August 8th. JMP Securities upgraded shares of OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 target price on the stock in a research note on Thursday, May 8th. Finally, Stephens initiated coverage on OppFi in a report on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, OppFi currently has a consensus rating of "Buy" and an average target price of $13.63.

About OppFi

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.