OppFi Inc. (NYSE:OPFI) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• OppFi Inc. (NYSE:OPFI) has an average recommendation of "Moderate Buy" from six analysts, with a twelve-month price target of $13.6250.
• The company reported earnings of $0.45 per share for the last quarter, exceeding analyst expectations, and generated revenue of $142.44 million.
• Insider trading reports indicate significant share sales by CFO Pamela D. Johnson and Director Theodore G. Schwartz, with insiders selling a total of 469,811 shares over the last ninety days.

OppFi Inc. (NYSE:OPFI - Get Free Report) has received an average recommendation of "Moderate Buy" from the six analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.6250.

Several brokerages have recently issued reports on OPFI. Weiss Ratings restated a "sell (d)" rating on shares of OppFi in a research note on Saturday, September 27th. Stephens started coverage on OppFi in a report on Thursday, June 12th. They set an "equal weight" rating and a $14.50 target price on the stock. Finally, Zacks Research raised OppFi to a "strong-buy" rating in a report on Friday, August 8th.

OppFi Stock Up 1.0%

Shares of NYSE:OPFI traded up $0.11 during trading on Friday, hitting $10.84. The stock had a trading volume of 743,106 shares, compared to its average volume of 1,434,753. OppFi has a 12-month low of $4.38 and a 12-month high of $17.73. The stock has a market capitalization of $946.44 million, a price-to-earnings ratio of -8.27 and a beta of 1.71. The stock has a 50-day simple moving average of $10.77 and a two-hundred day simple moving average of $11.09.

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

Insider Buying and Selling

In related news, CFO Pamela D. Johnson sold 5,497 shares of the firm's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $11.21, for a total transaction of $61,621.37. Following the sale, the chief financial officer directly owned 154,521 shares of the company's stock, valued at $1,732,180.41. This trade represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodore G. Schwartz sold 102,325 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $10.80, for a total value of $1,105,110.00. Following the sale, the director directly owned 199,644 shares in the company, valued at approximately $2,156,155.20. This trade represents a 33.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 469,811 shares of company stock valued at $5,500,421 over the last ninety days. Company insiders own 72.00% of the company's stock.

Institutional Trading of OppFi

A number of institutional investors and hedge funds have recently made changes to their positions in OPFI. Financial Management Professionals Inc. acquired a new position in shares of OppFi during the 2nd quarter worth approximately $25,000. Quarry LP acquired a new position in shares of OppFi during the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL raised its stake in shares of OppFi by 65.5% during 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 during the period. GAMMA Investing LLC raised its stake in shares of OppFi by 2,488.9% during the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $48,000 after buying an additional 4,953 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of OppFi by 217.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company's stock worth $65,000 after buying an additional 3,207 shares during the period. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

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.

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