Shares of OppFi Inc. (NYSE:OPFI – Get Free Report) fell 6% on Tuesday after an insider sold shares in the company. The company traded as low as $7.32 and last traded at $7.3150. Approximately 169,627 shares were traded during trading, a decline of 75% from the average session volume of 667,768 shares. The stock had previously closed at $7.78.
Specifically, CFO Pamela Johnson sold 8,650 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $8.02, for a total value of $69,373.00. Following the transaction, the chief financial officer directly owned 151,039 shares of the company’s stock, valued at approximately $1,211,332.78. The trade was a 5.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Stephens decreased their price objective on shares of OppFi from $11.00 to $9.50 and set an “equal weight” rating for the company in a report on Tuesday, August 11th. Wall Street Zen downgraded shares of OppFi from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Zacks Research downgraded shares of OppFi from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. Citizens Jmp restated a “market outperform” rating and set a $11.00 price target on shares of OppFi in a research note on Wednesday, August 26th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of OppFi in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.50.
OppFi Price Performance
The firm’s 50 day moving average price is $8.21 and its two-hundred day moving average price is $8.48. The stock has a market cap of $599.62 million, a PE ratio of 3.72 and a beta of 1.76.
OppFi (NYSE:OPFI – Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $155.89 million. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. Analysts anticipate that OppFi Inc. will post 1.4 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. AXQ Capital LP purchased a new position in OppFi in the 2nd quarter worth approximately $426,000. PL Capital Advisors LLC bought a new position in shares of OppFi in the second quarter worth approximately $2,979,000. Wellington Management Group LLP grew its holdings in shares of OppFi by 14.8% in the second quarter. Wellington Management Group LLP now owns 3,019,250 shares of the company’s stock worth $29,981,000 after purchasing an additional 389,082 shares during the last quarter. Globeflex Capital L P purchased a new position in shares of OppFi in the second quarter worth $3,240,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of OppFi in the second quarter worth $891,000. 7.10% of the stock is owned by hedge funds and other institutional investors.
About OppFi
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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