OppFi (NYSE:OPFI) Sets New 52-Week Low - Here's What Happened

Key Points

• OppFi shares fell to a new 52-week low of $6.11 during Monday trading, below the prior close of $6.28. The stock’s 50-day and 200-day moving averages were $7.81 and $8.35, respectively.
• Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $10.50. Recent actions included a downgrade to “Strong Sell” from Zacks Research, a “Neutral” rating from Piper Sandler, and a reduced $9.50 target from Stephens.
• OppFi’s latest quarterly results missed expectations, reporting $0.33 EPS versus the $0.44 consensus and revenue of $86.17 million versus estimates of $155.89 million. Insiders recently sold shares, while institutional investors including Wellington Management increased or initiated positions.

Shares of OppFi Inc. (NYSE:OPFI - Get Free Report) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $6.11 and last traded at $6.14, with a volume of 28376 shares trading hands. The stock had previously closed at $6.28.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citizens Jmp reaffirmed a "market outperform" rating and set a $11.00 target price on shares of OppFi in a report on Wednesday, August 26th. Weiss Ratings reissued a "hold (c)" rating on shares of OppFi in a report on Friday, August 7th. Zacks Research cut shares of OppFi from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 26th. Piper Sandler cut shares of OppFi to a "neutral" rating in a research note on Wednesday, August 26th. Finally, Stephens lowered their price target 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. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, OppFi currently has an average rating of "Hold" and an average price target of $10.50.

OppFi Price Performance

The company has a market capitalization of $522.76 million, a price-to-earnings ratio of 3.24 and a beta of 1.76. The firm has a fifty day simple moving average of $7.81 and a 200 day simple moving average of $8.35.

OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.33 earnings per share (EPS) 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 analyst estimates 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. Research analysts predict that OppFi Inc. will post 1.4 EPS for the current year.

Insider Transactions at OppFi

In other news, insider Christopher Mckay sold 77,850 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $7.18, for a total transaction of $558,963.00. Following the completion of the sale, the insider owned 1,431,479 shares of the company's stock, valued at $10,278,019.22. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Pamela Johnson sold 8,650 shares of the company's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $8.02, for a total transaction of $69,373.00. Following the transaction, the chief financial officer owned 151,039 shares of the company's stock, valued at approximately $1,211,332.78. This trade represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders purchased 130,640 shares of company stock valued at $936,475 and sold 114,985 shares valued at $832,289. Corporate insiders own 70.20% of the company's stock.

Hedge Funds Weigh In On OppFi

Hedge funds and other institutional investors have recently made changes to their positions in the company. AXQ Capital LP purchased a new stake in shares of OppFi during the second quarter worth approximately $426,000. PL Capital Advisors LLC acquired a new stake in OppFi during the 2nd quarter worth $2,979,000. Wellington Management Group LLP grew its holdings in shares of OppFi by 14.8% during the second quarter. Wellington Management Group LLP now owns 3,019,250 shares of the company's stock worth $29,981,000 after buying an additional 389,082 shares in the last quarter. Globeflex Capital L P acquired a new stake in shares of OppFi in the second quarter valued at about $3,240,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of OppFi in the second quarter valued at about $891,000. 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 access to credit for consumers who may have limited or impaired credit histories. Through its OppLoans platform, the company offers unsecured personal installment loans designed to help customers manage expenses, consolidate debt, or address other short-term financial needs.

OppFi uses technology, data analysis, and automated underwriting to evaluate applicants and facilitate loan applications through digital channels.

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