Citizens Jmp Downgrades OppFi (NYSE:OPFI) to Hold

OppFi (NYSE:OPFI) was downgraded by equities researchers at Citizens Jmp from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other research firms have also commented on OPFI. Northland Securities increased their target price on shares of OppFi from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, December 13th. JMP Securities downgraded OppFi from an “outperform” rating to a “market perform” rating in a report on Wednesday.

OppFi Price Performance

Shares of OPFI opened at $14.35 on Wednesday. OppFi has a 1 year low of $2.35 and a 1 year high of $17.73. The stock has a 50 day simple moving average of $10.16 and a two-hundred day simple moving average of $6.90. The firm has a market cap of $1.24 billion, a P/E ratio of 89.69 and a beta of 1.57.

Insider Buying and Selling

In related news, Director David Vennettilli sold 22,301 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $7.68, for a total transaction of $171,271.68. Following the transaction, the director now owns 121,524 shares in the company, valued at $933,304.32. The trade was a 15.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 84.00% of the stock is owned by insiders.

Institutional Trading of OppFi

Large investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new position in OppFi in the 3rd quarter worth $60,000. Baader Bank Aktiengesellschaft purchased a new position in shares of OppFi during the fourth quarter valued at about $195,000. Jane Street Group LLC raised its stake in OppFi by 28.9% in the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after buying an additional 5,795 shares in the last quarter. XTX Topco Ltd purchased a new stake in OppFi in the third quarter worth about $136,000. Finally, Raymond James Financial Inc. purchased a new stake in OppFi in the fourth quarter worth about $228,000. Institutional investors own 7.10% of the company’s stock.

About OppFi

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.