OppFi (NYSE:OPFI) Insider Sells $101,226.30 in Stock

Key Points

• Insider Christopher Mckay sold 9,030 shares of OppFi Inc. at an average price of $11.21, totaling $101,226.30, reducing his ownership by 4.98%.
• OppFi reported $0.45 earnings per share in its latest quarterly results, exceeding analysts' expectations of $0.30.
• Brokerage ratings for OppFi vary, with one analyst issuing a Strong Buy rating and another a Sell rating, indicating mixed market sentiment.

OppFi Inc. (NYSE:OPFI - Get Free Report) insider Christopher Mckay sold 9,030 shares of the company's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $11.21, for a total value of $101,226.30. Following the transaction, the insider owned 172,129 shares of the company's stock, valued at approximately $1,929,566.09. The trade was a 4.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

OppFi Price Performance

OPFI stock traded up $0.11 on Friday, reaching $10.84. The company's stock had a trading volume of 743,106 shares, compared to its average volume of 1,434,753. OppFi Inc. has a 52 week low of $4.38 and a 52 week high of $17.73. The company has a market capitalization of $946.44 million, a P/E ratio of -8.27 and a beta of 1.71. The firm has a fifty day moving average of $10.77 and a two-hundred day moving average of $11.09.

OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.15. OppFi had a negative net margin of 6.04% and a positive return on equity of 53.83%. The company had revenue of $142.44 million during the quarter, compared to analyst estimates of $141.19 million. As a group, equities analysts expect 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. Weiss Ratings reissued a "sell (d)" rating on shares of OppFi in a research note on Saturday, September 27th. Zacks Research upgraded OppFi to a "strong-buy" rating in a report on Friday, August 8th. Finally, Stephens assumed coverage on shares of OppFi in a report on Thursday, June 12th. They set an "equal weight" rating and a $14.50 price target for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $13.63.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new position in OppFi in the second quarter worth about $25,000. Quarry LP bought a new stake in shares of OppFi in the 1st quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL raised its holdings in shares of 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. Russell Investments Group Ltd. lifted its position 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. Finally, GAMMA Investing LLC boosted its stake in OppFi by 2,488.9% in the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $48,000 after buying an additional 4,953 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

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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