OppFi Inc. (NYSE:OPFI) Insider Sells $121,092.30 in Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) insider Christopher J. Mckay sold 9,030 shares of OppFi stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $13.41, for a total transaction of $121,092.30. Following the sale, the insider owned 185,366 shares in the company, valued at $2,485,758.06. This represents a 4.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

OppFi Trading Down 0.1%

NYSE OPFI traded down $0.01 during trading hours on Friday, reaching $13.50. 1,026,248 shares of the company traded hands, compared to its average volume of 981,989. The stock has a market capitalization of $1.17 billion, a PE ratio of -36.49 and a beta of 1.73. OppFi Inc. has a 12 month low of $3.09 and a 12 month high of $17.73. The company has a 50 day moving average of $12.40 and a two-hundred day moving average of $10.91.

OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.26 by $0.12. The business had revenue of $140.27 million for the quarter, compared to analysts' expectations of $137.71 million. OppFi had a negative net margin of 1.79% and a positive return on equity of 48.24%. On average, equities research analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current year.

Institutional Investors Weigh In On OppFi

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in OppFi by 23.3% during the first quarter. Rhumbline Advisers now owns 19,362 shares of the company's stock valued at $180,000 after purchasing an additional 3,662 shares during the last quarter. Everstar Asset Management LLC acquired a new position in shares of OppFi in the 1st quarter valued at about $202,000. Goldman Sachs Group Inc. grew its position in shares of OppFi by 191.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company's stock valued at $1,767,000 after buying an additional 124,744 shares during the last quarter. Bosun Asset Management LLC acquired a new stake in OppFi during the first quarter worth about $509,000. Finally, Quarry LP bought a new position in OppFi in the first quarter worth about $27,000. 7.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on OPFI. Northland Securities set a $13.00 price target on shares of OppFi in a report on Thursday, March 6th. Citizens Jmp upgraded OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price for the company in a research note on Thursday, May 8th. JMP Securities upgraded OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price target 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 target for the company.

OppFi Company Profile

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.