OppFi (NYSE:OPFI) Shares Down 5% - What's Next?

OppFi Inc. (NYSE:OPFI - Get Free Report) shares were down 5% on Friday . The company traded as low as $12.72 and last traded at $12.68. Approximately 560,796 shares traded hands during trading, a decline of 65% from the average daily volume of 1,592,787 shares. The stock had previously closed at $13.35.

Wall Street Analyst Weigh In

Several brokerages have commented on OPFI. Citizens Jmp raised shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price objective on the stock in a research report on Thursday, May 8th. Stephens began coverage on shares of OppFi in a research report on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price objective on the stock. Finally, JMP Securities raised shares of OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price objective on the stock in a research report on Thursday, May 8th.

OppFi Stock Performance

The firm has a market cap of $1.09 billion, a PE ratio of -33.95 and a beta of 1.73. The stock's 50 day simple moving average is $12.75 and its 200 day simple moving average is $11.10.

OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.12. OppFi had a negative net margin of 1.79% and a positive return on equity of 48.24%. The company had revenue of $140.27 million during the quarter, compared to analyst estimates of $137.71 million. As a group, analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current year.

Insider Buying and Selling at OppFi

In related news, Director Gregory T. Zeeman sold 50,000 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $13.98, for a total value of $699,000.00. Following the completion of the transaction, the director directly owned 149,644 shares in the company, valued at $2,092,023.12. This trade represents a 25.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Theodore G. Schwartz sold 190,349 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $12.87, for a total transaction of $2,449,791.63. Following the completion of the transaction, the director owned 199,644 shares of the company's stock, valued at approximately $2,569,418.28. The trade was a 48.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,237,980 shares of company stock valued at $14,347,445 over the last 90 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 bought and sold shares of OPFI. NewEdge Advisors LLC boosted its holdings in shares of OppFi by 4.7% during the 4th quarter. NewEdge Advisors LLC now owns 18,328 shares of the company's stock valued at $140,000 after acquiring an additional 831 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of OppFi by 8.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock valued at $83,000 after acquiring an additional 866 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its holdings 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 valued at $30,000 after acquiring an additional 1,277 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of OppFi by 13.7% during the 1st quarter. Wolverine Asset Management LLC now owns 15,301 shares of the company's stock valued at $142,000 after acquiring an additional 1,845 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of OppFi by 5.6% during the 4th quarter. Barclays PLC now owns 44,521 shares of the company's stock valued at $341,000 after acquiring an additional 2,380 shares during the last quarter. 7.10% of the stock is currently owned by 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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