Insider Buying: OppFi (NYSE:OPFI) CEO Purchases 3,475 Shares

OppFi Inc. (NYSE:OPFI) CEO Todd Schwartz purchased 3,475 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were purchased at an average cost of $7.15 per share, for a total transaction of $24,846.25. Following the purchase, the chief executive officer directly owned 594,758 shares in the company, valued at approximately $4,252,519.70. This represents a 0.59% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

OppFi Stock Up 3.3%

NYSE OPFI traded up $0.23 during mid-day trading on Tuesday, hitting $7.31. The stock had a trading volume of 672,811 shares, compared to its average volume of 658,073. OppFi Inc. has a 52-week low of $6.50 and a 52-week high of $12.45. The company has a market cap of $623.06 million, a price-to-earnings ratio of 3.87 and a beta of 1.77. The company has a 50 day simple moving average of $8.85 and a 200 day simple moving average of $8.69.

OppFi (NYSE:OPFI) last posted its 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). The firm had revenue of $86.17 million for the quarter, compared to analysts’ expectations of $155.89 million. OppFi had a return on equity of 30.89% and a net margin of 16.64%.OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. As a group, equities analysts anticipate that OppFi Inc. will post 1.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OppFi

A number of institutional investors have recently modified their holdings of the company. Wellington Management Group LLP boosted its position in OppFi by 14.8% during the second quarter. Wellington Management Group LLP now owns 3,019,250 shares of the company’s stock worth $29,981,000 after acquiring an additional 389,082 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of OppFi by 6.8% during the third quarter. Vanguard Group Inc. now owns 1,583,772 shares of the company’s stock worth $17,944,000 after purchasing an additional 100,320 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of OppFi by 163.2% during the third quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company’s stock worth $8,840,000 after purchasing an additional 483,859 shares during the last quarter. Nuveen LLC grew its position in shares of OppFi by 53.8% in the fourth quarter. Nuveen LLC now owns 754,039 shares of the company’s stock valued at $7,887,000 after purchasing an additional 263,744 shares during the period. Finally, Two Sigma Investments LP increased its stake in OppFi by 14.3% in the third quarter. Two Sigma Investments LP now owns 646,099 shares of the company’s stock valued at $7,320,000 after purchasing an additional 80,804 shares during the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of OppFi in a report on Friday, August 7th. Citigroup reiterated a “market outperform” rating on shares of OppFi in a research report on Tuesday, August 11th. Wall Street Zen cut shares of OppFi from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Zacks Research downgraded OppFi from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Citizens Jmp reduced their target price on OppFi from $15.00 to $11.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.25.

About OppFi

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.