OppFi Inc. (NYSE:OPFI) Director Sells $1,105,110.00 in Stock

Key Points

• Director Theodore G. Schwartz sold 102,325 shares of OppFi Inc. stock for a total of $1,105,110, which marks a 33.89% decrease in his position.
• OppFi reported earnings of $0.45 per share, exceeding analysts' expectations, and had a revenue of $142.44 million for the previous quarter.
• Institutional investors have increased their holdings in OppFi, with significant stakes raised by multiple firms including a 161.8% increase by Arrowstreet Capital last quarter.

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 102,325 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $10.80, for a total value of $1,105,110.00. Following the completion of the transaction, the director directly owned 199,644 shares of the company's stock, valued at approximately $2,156,155.20. This trade represents a 33.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

OppFi Price Performance

OppFi stock traded up $0.11 during trading on Monday, reaching $10.53. 372,821 shares of the company were exchanged, compared to its average volume of 1,523,753. The stock's 50 day simple moving average is $12.22 and its two-hundred day simple moving average is $11.32. The company has a market capitalization of $918.94 million, a P/E ratio of -8.03 and a beta of 1.71. OppFi Inc. has a 52-week low of $3.93 and a 52-week high of $17.73.

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

Institutional Trading of OppFi

Several institutional investors have recently made changes to their positions in OPFI. Renaissance Technologies LLC increased its stake in OppFi by 52.6% during the fourth quarter. Renaissance Technologies LLC now owns 826,115 shares of the company's stock worth $6,328,000 after acquiring an additional 284,900 shares during the last quarter. Marshall Wace LLP boosted its holdings in OppFi by 249.2% during the 4th quarter. Marshall Wace LLP now owns 617,366 shares of the company's stock valued at $4,729,000 after acquiring an additional 440,582 shares during the period. Geode Capital Management LLC grew its position in OppFi by 25.7% in the 2nd quarter. Geode Capital Management LLC now owns 536,668 shares of the company's stock valued at $7,509,000 after acquiring an additional 109,771 shares in the last quarter. Two Sigma Investments LP increased its stake in OppFi by 19.8% during the fourth quarter. Two Sigma Investments LP now owns 447,260 shares of the company's stock worth $3,426,000 after purchasing an additional 73,905 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of OppFi by 27.9% during the fourth quarter. Two Sigma Advisers LP now owns 429,100 shares of the company's stock worth $3,287,000 after purchasing an additional 93,700 shares in the last quarter. Hedge funds and other institutional investors own 7.10% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. 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 report on Thursday, May 8th. Stephens began coverage on shares of OppFi in a research note on Thursday, June 12th. They set an "equal weight" rating and a $14.50 price objective on the stock. Citizens Jmp raised shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price for the company in a report on Thursday, May 8th. Finally, Zacks Research upgraded shares of OppFi to a "strong-buy" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, OppFi presently has an average rating of "Buy" and an average price target 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.