OppFi (NYSE:OPFI) Shares Down 6% - Time to Sell?

Key Points

• OppFi shares fell 6% to about $7.32, below their 50-day and 200-day moving averages, amid trading volume that was 75% below average.
• Analyst sentiment is mixed but leans toward caution: the stock has an overall “Hold” rating and an average price target of $10.50, while Piper Sandler and Zacks recently downgraded it.
• OppFi missed quarterly expectations, reporting $0.33 in earnings per share versus $0.44 expected and revenue of $86.17 million versus $155.89 million. CEO Todd Schwartz recently bought shares, while another insider sold 77,850 shares.

OppFi Inc. (NYSE:OPFI - Get Free Report) shares were down 6% on Tuesday . The stock traded as low as $7.32 and last traded at $7.3150. Approximately 169,627 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 667,768 shares. The stock had previously closed at $7.78.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Piper Sandler cut shares of OppFi to a "neutral" rating in a research note on Wednesday, August 26th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of OppFi in a report on Friday, August 7th. Citigroup reiterated a "market outperform" rating on shares of OppFi in a research report on Tuesday, August 11th. Citizens Jmp reissued a "market outperform" rating and set a $11.00 price target on shares of OppFi in a report on Wednesday, August 26th. Finally, Zacks Research cut OppFi from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $10.50.

OppFi Stock Down 7.9%

The firm has a market cap of $610.52 million, a PE ratio of 3.79 and a beta of 1.76. The firm's fifty day simple moving average is $8.29 and its two-hundred day simple moving average is $8.52.

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

Insider Transactions at OppFi

In other OppFi news, CEO Todd G. Schwartz bought 3,350 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of $7.56 per share, for a total transaction of $25,326.00. Following the completion of the transaction, the chief executive officer owned 636,658 shares of the company's stock, valued at $4,813,134.48. This trade represents a 0.53% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher J. Mckay sold 77,850 shares of OppFi stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $7.18, for a total value of $558,963.00. Following the sale, the insider directly owned 1,431,479 shares in the company, valued at $10,278,019.22. This trade represents a 5.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have acquired 125,400 shares of company stock worth $895,075. Insiders own 70.20% of the company's stock.

Institutional Investors Weigh In On OppFi

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in OppFi by 14.8% during the 2nd 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 during the last quarter. Renaissance Technologies LLC raised its stake in OppFi by 2.3% in the first quarter. Renaissance Technologies LLC now owns 630,308 shares of the company's stock valued at $4,860,000 after buying an additional 14,100 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in OppFi by 50.0% in the first quarter. Dimensional Fund Advisors LP now owns 426,089 shares of the company's stock worth $3,285,000 after acquiring an additional 141,949 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of OppFi during the second quarter worth about $3,240,000. Finally, PL Capital Advisors LLC purchased a new stake in shares of OppFi during the second quarter worth about $2,979,000. Hedge funds and other institutional investors own 7.10% of the company's stock.

OppFi Company Profile

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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