OppFi (NYSE:OPFI) CFO Pamela Johnson Sells 5,497 Shares

Key Points

• OppFi CFO Pamela Johnson sold 5,497 shares at an average price of $11.21, decreasing her ownership by 3.44% and retaining ownership of 154,521 shares valued at approximately $1.73 million.
• The company's stock is currently trading around $10.84, with a market cap of $946.44 million and a P/E ratio of -8.27.
• OppFi reported quarterly earnings of $0.45 EPS, exceeding analyst expectations, and analysts predict earnings of $0.86 EPS for the current fiscal year.

OppFi Inc. (NYSE:OPFI - Get Free Report) CFO Pamela Johnson sold 5,497 shares of the firm's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $11.21, for a total transaction of $61,621.37. Following the transaction, the chief financial officer directly owned 154,521 shares of the company's stock, valued at $1,732,180.41. The trade was a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

OppFi Trading Up 1.0%

Shares of NYSE:OPFI traded up $0.11 during mid-day trading on Friday, reaching $10.84. The stock had a trading volume of 743,106 shares, compared to its average volume of 1,434,753. The business's 50 day moving average price is $10.77 and its 200 day moving average price is $11.09. OppFi Inc. has a 1 year low of $4.38 and a 1 year high of $17.73. The company has a market cap of $946.44 million, a P/E ratio of -8.27 and a beta of 1.71.

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

Analysts Set New Price Targets

A number of brokerages recently commented on OPFI. Stephens started coverage on shares of OppFi in a report on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price target for the company. Weiss Ratings restated a "sell (d)" rating on shares of OppFi in a research report on Saturday, September 27th. Finally, Zacks Research raised OppFi to a "strong-buy" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.63.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Financial Management Professionals Inc. bought a new stake in shares of OppFi during the 2nd quarter worth approximately $25,000. Quarry LP purchased a new stake in OppFi in the first quarter worth $27,000. Strategic Investment Solutions Inc. IL lifted its position in shares of OppFi by 65.5% during the first quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock worth $30,000 after purchasing an additional 1,277 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of OppFi by 2,488.9% during the first quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $48,000 after purchasing an additional 4,953 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of OppFi by 217.6% during the second quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company's stock valued at $65,000 after purchasing an additional 3,207 shares during the period. Hedge funds and other institutional investors own 7.10% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.