OppFi Inc. (NYSE:OPFI) Director Sells $1,140,785.72 in Stock

Key Points

• Theodore G. Schwartz, a director of OppFi Inc., sold 102,959 shares of the company's stock for a total of $1,140,785.72, resulting in a 34.02% decrease in his position.
• OppFi reported earnings of $0.45 per share, exceeding analyst expectations, with revenue of $142.44 million for the quarter.
• Analysts have raised price targets for OppFi, with JMP Securities and Citizens JMP setting targets at $13.50 and Stephens at $14.50, signaling a positive outlook for the stock.

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 102,959 shares of OppFi stock in a transaction on Monday, August 11th. The shares were sold at an average price of $11.08, for a total transaction of $1,140,785.72. Following the transaction, the director owned 199,644 shares in the company, valued at approximately $2,212,055.52. This trade represents a 34.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

OppFi Trading Up 1.0%

Shares of OppFi stock traded up $0.11 on Monday, hitting $10.53. 372,821 shares of the company traded hands, compared to its average volume of 1,523,753. The company has a market cap of $918.94 million, a PE ratio of -8.03 and a beta of 1.71. The stock's 50 day moving average price is $12.22 and its 200-day moving average price is $11.32. 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 posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.30 by $0.15. The business had revenue of $142.44 million during the quarter, compared to analyst estimates of $141.19 million. OppFi had a negative net margin of 6.04% and a positive return on equity of 53.83%. As a group, research analysts anticipate that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on OPFI. Stephens initiated coverage on OppFi in a research note on Thursday, June 12th. They set an "equal weight" rating and a $14.50 target price on the stock. Zacks Research raised OppFi to a "strong-buy" rating in a research note on Friday, August 8th. JMP Securities upgraded OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 target price for the company in a report on Thursday, May 8th. Finally, Citizens Jmp upgraded 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. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, OppFi presently has a consensus rating of "Buy" and a consensus target price of $13.63.

Institutional Inflows and Outflows

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

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.