OppFi (NYSE:OPFI) Shares Down 4.9% - Should You Sell?

Key Points

• OppFi Inc. (NYSE:OPFI) shares fell 4.9% in mid-day trading, reaching a low of $10.65, significantly below its previous close of $11.20 and reflecting a 60% decline in trading volume.
• Analysts have a consensus rating of "Buy" for OppFi, with a strong-buy rating from Zacks Research and a price target set at $13.63.
• Insider trades indicate concern, with Director Theodore G. Schwartz selling over 128,000 shares recently, resulting in a 39.1% decrease in his ownership of the company.

Shares of OppFi Inc. (NYSE:OPFI - Get Free Report) fell 4.9% during mid-day trading on Thursday . The company traded as low as $10.65 and last traded at $10.66. 569,968 shares were traded during trading, a decline of 60% from the average session volume of 1,435,202 shares. The stock had previously closed at $11.20.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on OPFI shares. Zacks Research upgraded shares of OppFi to a "strong-buy" rating in a research report on Friday, August 8th. Stephens started coverage on OppFi in a report on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, OppFi presently has a consensus rating of "Buy" and a consensus price target of $13.63.

OppFi Price Performance

The firm has a market capitalization of $942.07 million, a price-to-earnings ratio of -8.24 and a beta of 1.71. The stock has a fifty day moving average of $10.78 and a two-hundred day moving average of $11.08.

OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.15. The firm had revenue of $142.44 million for the quarter, compared to analyst estimates of $141.19 million. OppFi had a positive return on equity of 53.83% and a negative net margin of 6.04%. On average, research analysts forecast that OppFi Inc. will post 0.86 EPS for the current year.

Insider Activity

In other news, Director Theodore G. Schwartz sold 128,188 shares of the stock in a transaction on Monday, July 14th. The shares were sold at an average price of $12.05, for a total transaction of $1,544,665.40. Following the completion of the sale, the director directly owned 199,644 shares in the company, valued at $2,405,710.20. This represents a 39.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 455,284 shares of company stock valued at $5,337,574. 72.00% of the stock is currently owned by insiders.

Institutional Trading of OppFi

A number of large investors have recently bought and sold shares of OPFI. AlphaQuest LLC lifted its position in shares of OppFi by 9.8% during the 2nd quarter. AlphaQuest LLC now owns 11,225 shares of the company's stock valued at $157,000 after acquiring an additional 1,004 shares during the period. Strategic Investment Solutions Inc. IL raised its holdings 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 valued at $30,000 after purchasing an additional 1,277 shares during the period. Great Valley Advisor Group Inc. raised its holdings in shares of OppFi by 6.1% during the second quarter. Great Valley Advisor Group Inc. now owns 24,895 shares of the company's stock valued at $348,000 after purchasing an additional 1,423 shares during the period. Quantbot Technologies LP boosted its position in shares of OppFi by 20.8% during the 2nd quarter. Quantbot Technologies LP now owns 8,663 shares of the company's stock worth $121,000 after purchasing an additional 1,494 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of OppFi by 15.1% in the 2nd quarter. Intech Investment Management LLC now owns 13,157 shares of the company's stock valued at $184,000 after buying an additional 1,731 shares during the period. 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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