OppFi (NYSE:OPFI) Shares Down 7.1% - Should You Sell?

Key Points

• OppFi shares fell 7.1% to about $8.74 in Monday trading, with volume below the stock’s average daily level.
• Analysts maintain a generally cautious view: the consensus rating is “Hold”, with two Buys and three Holds, but the average price target of $13.00 implies potential upside.
• The company recently beat quarterly EPS expectations, reporting $0.35 versus $0.33 estimated, while generating $87.3 million in revenue; an insider also sold 30,000 shares, though insiders retain 70.2% ownership.

OppFi Inc. (NYSE:OPFI - Get Free Report) was down 7.1% during trading on Monday . The company traded as low as $8.75 and last traded at $8.7350. Approximately 420,760 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 581,122 shares. The stock had previously closed at $9.40.

Analyst Upgrades and Downgrades

OPFI has been the topic of a number of recent research reports. Weiss Ratings raised OppFi from a "sell (d+)" rating to a "hold (c)" rating in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of OppFi from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Citigroup reiterated a "market outperform" rating on shares of OppFi in a research report on Friday, June 26th. Citizens Jmp reduced their price target on OppFi from $16.00 to $15.00 and set a "market outperform" rating for the company in a report on Friday, April 17th. Finally, Stephens upped their price objective on OppFi from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $13.00.

OppFi Stock Down 7.2%

The firm has a fifty day moving average of $9.09 and a 200-day moving average of $8.89. The stock has a market capitalization of $744.60 million, a price-to-earnings ratio of 9.37 and a beta of 1.77.

OppFi (NYSE:OPFI - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. OppFi had a return on equity of 39.90% and a net margin of 10.86%.The company had revenue of $87.30 million for the quarter, compared to analyst estimates of $151.14 million. As a group, research analysts forecast that OppFi Inc. will post 1.8 EPS for the current fiscal year.

Insider Activity

In other news, Director Christina M. Favilla sold 30,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $8.14, for a total value of $244,200.00. Following the sale, the director directly owned 156,737 shares in the company, valued at $1,275,839.18. This represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 70.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On OppFi

Hedge funds have recently bought and sold shares of the stock. Great Valley Advisor Group Inc. increased its stake in shares of OppFi by 6.1% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 24,895 shares of the company's stock valued at $348,000 after acquiring an additional 1,423 shares during the last quarter. Quantbot Technologies LP boosted its holdings in OppFi by 20.8% in the second quarter. Quantbot Technologies LP now owns 8,663 shares of the company's stock valued at $121,000 after acquiring an additional 1,494 shares during the last quarter. Zacks Investment Management lifted its stake in shares of OppFi by 5.2% in the 3rd quarter. Zacks Investment Management now owns 40,585 shares of the company's stock valued at $460,000 after purchasing an additional 2,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in OppFi by 17.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,282 shares of the company's stock valued at $186,000 after buying an additional 2,013 shares during the period. Finally, R Squared Ltd raised its holdings in OppFi by 10.5% in the first quarter. R Squared Ltd now owns 21,684 shares of the company's stock valued at $167,000 after buying an additional 2,053 shares during the period. Hedge funds and other institutional investors own 7.10% of the company's stock.

OppFi Company Profile

OppFi NYSE: OPFI is a financial technology company that provides digital lending and credit solutions designed to meet the needs of near-prime consumers in the United States. Through its technology-driven platform, OppFi offers unsecured installment loans under the OppLoans brand, allowing borrowers to access credit online or via mobile devices. The company leverages proprietary data analytics and machine learning models to assess credit risk, streamline underwriting processes and deliver personalized loan products with transparent terms.

Headquartered in Chicago, Illinois, OppFi was founded in 2013 with a mission to increase financial inclusion for underserved and underbanked populations.

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