OppFi (NYSE:OPFI) Stock Rating Lowered by Wall Street Zen

OppFi (NYSE:OPFI) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

OPFI has been the topic of a number of other research reports. Stephens boosted their price objective on shares of OppFi from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Citizens Jmp lowered their target price on OppFi from $16.00 to $15.00 and set a “market outperform” rating for the company in a research note on Friday, April 17th. Weiss Ratings upgraded OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Citigroup reissued a “market outperform” rating on shares of OppFi in a report on Friday, June 26th. Finally, Zacks Research lowered OppFi from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, OppFi currently has an average rating of “Hold” and an average price target of $13.00.

OppFi Price Performance

Shares of OPFI opened at $9.40 on Friday. OppFi has a 12 month low of $7.36 and a 12 month high of $12.45. The stock’s 50-day moving average is $9.09 and its two-hundred day moving average is $8.89. The stock has a market cap of $802.92 million, a PE ratio of 10.11 and a beta of 1.77.

OppFi (NYSE:OPFI) last posted its earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $87.30 million during the quarter, compared to analyst estimates of $151.14 million. OppFi had a return on equity of 39.90% and a net margin of 10.86%. On average, research analysts anticipate that OppFi will post 1.8 earnings per share for the current year.

Insiders Place Their Bets

In other OppFi news, Director Christina M. Favilla sold 30,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $8.14, for a total value of $244,200.00. Following the transaction, the director owned 156,737 shares of the company’s stock, valued at $1,275,839.18. This trade represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 70.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new stake in OppFi in the second quarter valued at $891,000. Lazard Asset Management LLC acquired a new stake in shares of OppFi in the 1st quarter worth about $91,000. Corsair Capital Management L.P. acquired a new stake in shares of OppFi in the 1st quarter worth about $229,000. Renaissance Technologies LLC lifted its position in OppFi by 2.3% in the 1st quarter. Renaissance Technologies LLC now owns 630,308 shares of the company’s stock valued at $4,860,000 after purchasing an additional 14,100 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in OppFi by 208.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 211,667 shares of the company’s stock valued at $1,632,000 after purchasing an additional 142,971 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors.

OppFi Company Profile

OppFi (NYSE: OPFI) is a financial technology company that provides digital lending and credit solutions designed to meet the needs of near-prime consumers in the United States. Through its technology-driven platform, OppFi offers unsecured installment loans under the OppLoans brand, allowing borrowers to access credit online or via mobile devices. The company leverages proprietary data analytics and machine learning models to assess credit risk, streamline underwriting processes and deliver personalized loan products with transparent terms.

Headquartered in Chicago, Illinois, OppFi was founded in 2013 with a mission to increase financial inclusion for underserved and underbanked populations.