OppFi (NYSE:OPFI) Hits New 52-Week Low - Here's Why

Key Points

• OppFi shares fell to a new 52-week low of $5.91, trading well below their 50-day and 200-day moving averages of $7.50 and $8.26, respectively.
• Analyst sentiment has weakened, with recent downgrades and a consensus “Hold” rating; the average price target is $10.50, implying potential upside from current levels.
• The decline followed disappointing quarterly results: OppFi reported earnings of $0.33 per share versus $0.44 expected and revenue of $86.17 million against a $155.89 million consensus estimate.

OppFi Inc. (NYSE:OPFI - Get Free Report)'s stock price reached a new 52-week low on Monday. The stock traded as low as $5.91 and last traded at $5.97, with a volume of 225 shares. The stock had previously closed at $5.97.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OPFI. Piper Sandler cut shares of OppFi to a "neutral" rating in a research note on Wednesday, August 26th. Stephens decreased their target price on shares of OppFi from $11.00 to $9.50 and set an "equal weight" rating on the stock in a report on Tuesday, August 11th. UBS Group set a $11.00 price objective on shares of OppFi in a research note on Wednesday, August 26th. Weiss Ratings restated a "hold (c)" rating on shares of OppFi in a research note on Friday, August 7th. Finally, Wall Street Zen cut shares of OppFi from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $10.50.

OppFi Price Performance

The firm's fifty day moving average price is $7.50 and its two-hundred day moving average price is $8.26. The stock has a market cap of $510.92 million, a price-to-earnings ratio of 3.18 and a beta of 1.78.

OppFi (NYSE:OPFI - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.11). The company had revenue of $86.17 million during the quarter, compared to the consensus estimate of $155.89 million. OppFi had a net margin of 16.64% and a return on equity of 30.89%. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. On average, equities research analysts anticipate that OppFi Inc. will post 1.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Todd Schwartz bought 3,300 shares of the company's stock in a transaction on Friday, September 11th. The shares were purchased at an average price of $7.96 per share, with a total value of $26,268.00. Following the transaction, the chief executive officer directly owned 639,958 shares in the company, valued at $5,094,065.68. This represents a 0.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Pamela Johnson sold 8,650 shares of the business's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $8.02, for a total value of $69,373.00. Following the completion of the transaction, the chief financial officer owned 151,039 shares in the company, valued at $1,211,332.78. The trade was a 5.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders bought 130,640 shares of company stock valued at $936,475 and sold 114,985 shares valued at $832,289. 70.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OPFI. Moran Wealth Management LLC purchased a new stake in shares of OppFi during the 1st quarter valued at $84,000. Lazard Asset Management LLC purchased a new position in shares of OppFi in the 1st quarter worth about $91,000. AXQ Capital LP grew its position in OppFi by 19.5% during the fourth quarter. AXQ Capital LP now owns 15,113 shares of the company's stock valued at $158,000 after buying an additional 2,470 shares during the period. Sei Investments Co. bought a new position in OppFi during the first quarter valued at about $123,000. Finally, Hsbc Holdings PLC increased its holdings in OppFi by 46.8% during the first quarter. Hsbc Holdings PLC now owns 16,539 shares of the company's stock worth $127,000 after buying an additional 5,269 shares during the last quarter. Hedge funds and other institutional investors own 7.10% of the company's stock.

About OppFi

OppFi Inc NYSE: OPFI is a financial technology company that provides credit and related financial services to consumers who may have limited access to traditional banking products. The company primarily serves non-prime consumers in the United States and uses technology and data-driven underwriting to evaluate applicants and facilitate access to personal loans.

OppFi's core offering is its personal-loan platform, which is designed to provide installment credit for expenses such as emergencies, bills and other everyday financial needs.

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