OppFi Inc. (NYSE:OPFI - Free Report) - Research analysts at Northland Capmk lowered their Q3 2024 earnings per share (EPS) estimates for OppFi in a research report issued to clients and investors on Wednesday, May 8th. Northland Capmk analyst M. Grondahl now anticipates that the company will earn $0.16 per share for the quarter, down from their prior forecast of $0.17. The consensus estimate for OppFi's current full-year earnings is $0.55 per share. Northland Capmk also issued estimates for OppFi's Q4 2024 earnings at $0.16 EPS.
Separately, JMP Securities reissued a "market outperform" rating and set a $5.00 price objective on shares of OppFi in a research report on Wednesday, April 17th.
Read Our Latest Analysis on OppFi
OppFi Stock Down 1.9 %
OppFi stock traded down $0.06 during mid-day trading on Friday, reaching $3.04. 229,383 shares of the company's stock were exchanged, compared to its average volume of 316,860. OppFi has a twelve month low of $1.91 and a twelve month high of $5.34. The company has a market cap of $337.20 million, a P/E ratio of -154.92 and a beta of 1.12. The company has a fifty day moving average of $2.80 and a 200-day moving average of $3.33.
OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. OppFi had a negative net margin of 0.20% and a positive return on equity of 23.92%. The business had revenue of $132.92 million during the quarter, compared to analysts' expectations of $133.49 million. During the same quarter in the prior year, the company posted ($0.19) EPS.
Institutional Trading of OppFi
Hedge funds have recently made changes to their positions in the company. LB Partners LLC boosted its stake in shares of OppFi by 184.1% during the 1st quarter. LB Partners LLC now owns 909,022 shares of the company's stock worth $2,273,000 after acquiring an additional 589,022 shares in the last quarter. Vanguard Group Inc. boosted its position in OppFi by 0.6% during the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company's stock worth $2,060,000 after purchasing an additional 5,218 shares in the last quarter. Virtu Financial LLC acquired a new stake in OppFi in the fourth quarter valued at $202,000. Heron Bay Capital Management increased its position in shares of OppFi by 41.5% in the fourth quarter. Heron Bay Capital Management now owns 38,647 shares of the company's stock valued at $198,000 after buying an additional 11,330 shares in the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new position in shares of OppFi during the 4th quarter worth $186,000. Institutional investors and hedge funds own 7.10% of the company's stock.
OppFi Dividend Announcement
The business also recently declared a dividend, which was paid on Wednesday, May 1st. Investors of record on Friday, April 19th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 18th.
OppFi Company Profile
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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.
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