OppFi Inc. (NYSE:OPFI - Get Free Report) CFO Pamela D. Johnson sold 5,495 shares of OppFi stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $13.41, for a total transaction of $73,687.95. Following the completion of the transaction, the chief financial officer directly owned 164,570 shares in the company, valued at approximately $2,206,883.70. The trade was a 3.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
OppFi Price Performance
OPFI traded down $0.01 during trading on Friday, reaching $13.50. 1,026,248 shares of the company's stock were exchanged, compared to its average volume of 984,912. The company's fifty day simple moving average is $12.40 and its 200-day simple moving average is $10.94. The stock has a market capitalization of $1.17 billion, a P/E ratio of -36.49 and a beta of 1.73. OppFi Inc. has a 1 year low of $3.09 and a 1 year high of $17.73.
OppFi (NYSE:OPFI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.12. The company had revenue of $140.27 million for the quarter, compared to the consensus estimate of $137.71 million. OppFi had a positive return on equity of 48.24% and a negative net margin of 1.79%. Equities analysts forecast that OppFi Inc. will post 0.86 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its holdings in shares of OppFi by 23.3% during the 1st quarter. Rhumbline Advisers now owns 19,362 shares of the company's stock valued at $180,000 after purchasing an additional 3,662 shares in the last quarter. Everstar Asset Management LLC purchased a new position in shares of OppFi in the 1st quarter valued at about $202,000. Goldman Sachs Group Inc. boosted its position in OppFi by 191.3% during the first quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company's stock worth $1,767,000 after purchasing an additional 124,744 shares in the last quarter. Bosun Asset Management LLC purchased a new stake in shares of OppFi in the first quarter valued at approximately $509,000. Finally, Quarry LP acquired a new position in shares of OppFi during the 1st quarter worth approximately $27,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
OPFI has been the topic of several recent analyst reports. Stephens initiated coverage on OppFi in a research report on Thursday, June 12th. They set an "equal weight" rating and a $14.50 target price on the stock. Citizens Jmp upgraded shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price target on the stock in a research note on Thursday, May 8th. Finally, JMP Securities raised OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 target price on the stock in a research report on Thursday, May 8th.
Check Out Our Latest Stock Report on OppFi
About OppFi
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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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