Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 102,959 Shares of 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 the company's stock in a transaction on Monday, August 11th. The stock was 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. The trade was a 34.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

OppFi Price Performance

Shares of OPFI traded down $0.15 during trading hours on Friday, hitting $10.42. The company's stock had a trading volume of 888,148 shares, compared to its average volume of 1,132,550. The company has a market cap of $909.73 million, a price-to-earnings ratio of -7.95 and a beta of 1.71. The business has a 50 day simple moving average of $12.22 and a two-hundred day simple moving average of $11.33. 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 earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.15. The firm had revenue of $142.44 million during the quarter, compared to the consensus estimate of $141.19 million. OppFi had a negative net margin of 6.04% and a positive return on equity of 53.83%. Research analysts predict that OppFi Inc. will post 0.86 earnings per share for the current year.

Hedge Funds Weigh In On OppFi

Several hedge funds have recently bought and sold shares of OPFI. NewEdge Advisors LLC grew its stake in OppFi by 4.7% in the 4th quarter. NewEdge Advisors LLC now owns 18,328 shares of the company's stock worth $140,000 after buying an additional 831 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in OppFi by 8.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock worth $83,000 after buying an additional 866 shares in the last quarter. AlphaQuest LLC grew its stake in OppFi by 9.8% in the 2nd quarter. AlphaQuest LLC now owns 11,225 shares of the company's stock worth $157,000 after buying an additional 1,004 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its stake in OppFi by 65.5% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock worth $30,000 after buying an additional 1,277 shares in the last quarter. Finally, Great Valley Advisor Group Inc. grew its stake in OppFi by 6.1% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 24,895 shares of the company's stock worth $348,000 after buying an additional 1,423 shares in the last quarter. Hedge funds and other institutional investors own 7.10% of the company's stock.

Analyst Upgrades and Downgrades

OPFI has been the topic of a number of recent analyst reports. JMP Securities raised shares of OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price target on the stock in a research report on Thursday, May 8th. Zacks Research raised shares of OppFi to a "strong-buy" rating in a research report on Friday, August 8th. Citizens Jmp raised shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price objective on the stock in a research report on Thursday, May 8th. Finally, Stephens assumed coverage on shares of OppFi in a research report on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price objective on the stock. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus 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.