OppFi (NYSE:OPFI) Trading 5.1% Higher – Still a Buy?

OppFi Inc. (NYSE:OPFI)’s stock price was up 5.1% during trading on Wednesday . The stock traded as high as $9.34 and last traded at $9.60. Approximately 76,655 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 2,252,476 shares. The stock had previously closed at $9.14.

Analysts Set New Price Targets

Several equities analysts have commented on OPFI shares. Northland Securities set a $13.00 price objective on shares of OppFi in a report on Thursday, March 6th. Citizens Jmp downgraded shares of OppFi from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, JMP Securities downgraded shares of OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th.

OppFi Stock Up 4.8 %

The company’s 50 day moving average is $11.60 and its 200 day moving average is $7.97. The firm has a market capitalization of $825.76 million, a price-to-earnings ratio of 60.22 and a beta of 1.63.

OppFi (NYSE:OPFI) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.14 by $0.09. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The business had revenue of $135.72 million for the quarter, compared to the consensus estimate of $133.50 million. During the same period in the prior year, the company posted $0.10 earnings per share. On average, analysts expect that OppFi Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling

In related news, Director Theodore G. Schwartz sold 79,762 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.13, for a total transaction of $728,227.06. Following the completion of the sale, the director now owns 186,737 shares of the company’s stock, valued at $1,704,908.81. This represents a 29.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David Vennettilli sold 30,762 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total transaction of $279,626.58. Following the completion of the transaction, the director now directly owns 90,762 shares of the company’s stock, valued at $825,026.58. This trade represents a 25.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 233,321 shares of company stock valued at $2,142,826 over the last quarter. 84.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OPFI. Quadrature Capital Ltd bought a new position in shares of OppFi in the third quarter worth about $60,000. Ancora Advisors LLC bought a new position in shares of OppFi in the fourth quarter worth about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of OppFi by 8.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock worth $83,000 after acquiring an additional 866 shares during the last quarter. Mariner LLC bought a new position in OppFi in the 4th quarter valued at approximately $93,000. Finally, MetLife Investment Management LLC bought a new position in OppFi in the 4th quarter valued at approximately $98,000. Institutional investors own 7.10% of the company’s stock.

OppFi Company Profile

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.