Stephens began coverage on shares of OppFi (NYSE:OPFI - Free Report) in a research report sent to investors on Thursday, Marketbeat Ratings reports. The brokerage issued an equal weight rating and a $14.50 target price on the stock.
Several other analysts have also recently commented on the company. JMP Securities upgraded OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 target price on the stock in a research report on Thursday, May 8th. Citizens Jmp raised OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price target on the stock in a report on Thursday, May 8th. Finally, Northland Securities set a $13.00 target price on shares of OppFi in a research note on Thursday, March 6th.
Check Out Our Latest Stock Analysis on OPFI
OppFi Price Performance
Shares of OPFI stock traded down $0.37 during trading hours on Thursday, reaching $12.19. The stock had a trading volume of 1,113,416 shares, compared to its average volume of 1,652,227. OppFi has a twelve month low of $3.09 and a twelve month high of $17.73. The firm has a 50-day simple moving average of $10.83 and a 200-day simple moving average of $10.26. The firm has a market capitalization of $1.06 billion, a PE ratio of 76.21 and a beta of 1.73.
OppFi (NYSE:OPFI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.26 by $0.12. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The company had revenue of $140.27 million for the quarter, compared to analyst estimates of $137.71 million. On average, equities analysts anticipate that OppFi will post 0.86 earnings per share for the current year.
OppFi Dividend Announcement
The company also recently declared a special dividend, which was paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, April 8th.
Insider Transactions at OppFi
In other OppFi news, CFO Pamela D. Johnson sold 35,890 shares of OppFi stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $13.97, for a total value of $501,383.30. Following the transaction, the chief financial officer now owns 173,018 shares in the company, valued at approximately $2,417,061.46. The trade was a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher J. Mckay sold 10,377 shares of OppFi stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $9.00, for a total transaction of $93,393.00. Following the completion of the transaction, the insider now owns 248,175 shares in the company, valued at approximately $2,233,575. This trade represents a 4.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,349,784 shares of company stock valued at $13,918,023 in the last quarter. Insiders own 72.00% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of OPFI. Rhumbline Advisers grew its position in OppFi by 23.3% during the first quarter. Rhumbline Advisers now owns 19,362 shares of the company's stock valued at $180,000 after purchasing an additional 3,662 shares in the last quarter. Everstar Asset Management LLC purchased a new position in shares of OppFi during the 1st quarter valued at $202,000. Goldman Sachs Group Inc. grew its holdings in shares of OppFi by 191.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company's stock valued at $1,767,000 after acquiring an additional 124,744 shares in the last quarter. Bosun Asset Management LLC purchased a new position in shares of OppFi during the 1st quarter valued at $509,000. Finally, Quarry LP purchased a new position in shares of OppFi during the 1st quarter valued at $27,000. Hedge funds and other institutional investors own 7.10% of the company's stock.
About OppFi
(
Get Free Report)
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.
Featured Stories
Before you consider OppFi, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OppFi wasn't on the list.
While OppFi currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
