Insider Buying: OppFi (NYSE:OPFI) CEO Buys 3,450 Shares

Key Points

• OppFi CEO Todd Schwartz purchased 3,450 shares at an average price of $7.13, investing approximately $24,599 and increasing his direct stake by 0.59% to 587,733 shares.
• OppFi shares closed at $7.00, near the lower end of their 52-week range of $6.50 to $12.45. The company recently missed quarterly earnings and revenue expectations, reporting $0.33 EPS versus an estimated $0.44.
• Analyst sentiment is generally cautious: OppFi has an average “Hold” rating and a consensus price target of $10.25 after several brokerages lowered targets or downgraded the stock.

OppFi Inc. (NYSE:OPFI - Get Free Report) CEO Todd Schwartz bought 3,450 shares of the stock in a transaction dated Thursday, August 20th. The stock was purchased at an average cost of $7.13 per share, with a total value of $24,598.50. Following the completion of the purchase, the chief executive officer directly owned 587,733 shares in the company, valued at approximately $4,190,536.29. This trade represents a 0.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

OppFi Stock Performance

NYSE:OPFI traded down $0.16 on Friday, hitting $7.00. 712,621 shares of the stock were exchanged, compared to its average volume of 656,223. OppFi Inc. has a 52 week low of $6.50 and a 52 week high of $12.45. The company's 50-day moving average price is $8.90 and its 200 day moving average price is $8.73. The stock has a market capitalization of $596.46 million, a price-to-earnings ratio of 3.70 and a beta of 1.77.

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

Analyst Ratings Changes

Several brokerages recently commented on OPFI. Wall Street Zen downgraded OppFi from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Stephens reduced their target price on shares of OppFi from $11.00 to $9.50 and set an "equal weight" rating for the company in a research note on Tuesday, August 11th. Citizens Jmp lowered their target price on OppFi from $15.00 to $11.00 and set a "market outperform" rating for the company in a report on Tuesday, August 11th. Zacks Research downgraded OppFi from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of OppFi in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $10.25.

Institutional Trading of OppFi

Large investors have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of OppFi by 669.2% in the 3rd quarter. Quarry LP now owns 3,492 shares of the company's stock valued at $40,000 after purchasing an additional 3,038 shares during the period. Russell Investments Group Ltd. grew its holdings in OppFi by 217.6% during the second quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company's stock worth $65,000 after purchasing an additional 3,207 shares during the period. Quantbot Technologies LP grew its holdings in OppFi by 20.8% during the second quarter. Quantbot Technologies LP now owns 8,663 shares of the company's stock worth $121,000 after purchasing an additional 1,494 shares during the period. Kemnay Advisory Services Inc. acquired a new position in OppFi during the fourth quarter worth approximately $95,000. Finally, Jain Global LLC acquired a new position in OppFi during the fourth quarter worth approximately $112,000. Institutional investors and hedge funds own 7.10% of the company's stock.

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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