OppFi (NYSE:OPFI) Director Sells $203,952.60 in Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 28,485 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $7.16, for a total transaction of $203,952.60. Following the transaction, the director directly owned 154,434 shares of the company’s stock, valued at $1,105,747.44. This represents a 15.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

OppFi Stock Up 0.3%

OPFI stock opened at $7.00 on Monday. OppFi Inc. has a twelve month low of $6.50 and a twelve month high of $12.45. The company has a market cap of $596.47 million, a PE ratio of 3.70 and a beta of 1.77. The business’s 50-day simple moving average is $8.87 and its 200 day simple moving average is $8.71.

OppFi (NYSE:OPFI) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.33 earnings per share (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 business had revenue of $86.17 million during the quarter, compared to the consensus estimate of $155.89 million. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. On average, equities research analysts anticipate that OppFi Inc. will post 1.4 EPS for the current year.

Hedge Funds Weigh In On OppFi

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP lifted its position in OppFi by 669.2% during the 3rd quarter. Quarry LP now owns 3,492 shares of the company’s stock valued at $40,000 after purchasing an additional 3,038 shares during the period. Russell Investments Group Ltd. grew its position in shares of OppFi by 217.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company’s stock worth $65,000 after buying an additional 3,207 shares during the period. Moran Wealth Management LLC acquired a new stake in shares of OppFi during the 1st quarter worth approximately $84,000. Lazard Asset Management LLC bought a new stake in shares of OppFi during the first quarter worth approximately $91,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of OppFi during the fourth quarter worth approximately $95,000. Institutional investors own 7.10% of the company’s stock.

Analysts Set New Price Targets

OPFI has been the topic of several research reports. Stephens reduced their price target on shares of OppFi from $11.00 to $9.50 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th. Citizens Jmp lowered their price objective on shares of OppFi from $15.00 to $11.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of OppFi from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Zacks Research lowered shares of OppFi from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Citigroup reissued a “market outperform” rating on shares of OppFi in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.25.

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.