Christina Favilla Sells 30,000 Shares of OppFi (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director Christina Favilla sold 30,000 shares of OppFi stock in a transaction on Monday, June 8th. The stock was sold at an average price of $8.14, for a total value of $244,200.00. Following the sale, the director directly owned 156,737 shares of the company’s stock, valued at $1,275,839.18. This represents a 16.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

OppFi Trading Down 1.7%

OppFi stock traded down $0.15 during midday trading on Wednesday, reaching $8.29. The company’s stock had a trading volume of 445,443 shares, compared to its average volume of 548,584. OppFi Inc. has a 52 week low of $7.36 and a 52 week high of $15.03. The business has a 50-day moving average price of $8.52 and a 200-day moving average price of $9.23. The stock has a market cap of $708.22 million, a PE ratio of 8.92 and a beta of 1.79.

OppFi (NYSE:OPFI) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. OppFi had a return on equity of 39.90% and a net margin of 10.86%.The company had revenue of $87.30 million for the quarter, compared to analysts’ expectations of $151.14 million. As a group, research analysts predict that OppFi Inc. will post 1.8 EPS for the current fiscal year.

Institutional Trading of OppFi

Several institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in shares of OppFi by 163.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company’s stock valued at $8,840,000 after acquiring an additional 483,859 shares during the period. Diversify Advisory Services LLC increased its holdings in shares of OppFi by 98.9% in the 3rd quarter. Diversify Advisory Services LLC now owns 321,636 shares of the company’s stock valued at $3,644,000 after acquiring an additional 159,895 shares during the period. Quantbot Technologies LP increased its holdings in shares of OppFi by 1,462.8% in the 3rd quarter. Quantbot Technologies LP now owns 135,382 shares of the company’s stock valued at $1,534,000 after acquiring an additional 126,719 shares during the period. Tudor Investment Corp ET AL increased its holdings in shares of OppFi by 0.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 523,289 shares of the company’s stock valued at $5,929,000 after acquiring an additional 2,532 shares during the period. Finally, Tcfg Wealth Management LLC increased its holdings in shares of OppFi by 40.6% in the 3rd quarter. Tcfg Wealth Management LLC now owns 14,974 shares of the company’s stock valued at $170,000 after acquiring an additional 4,325 shares during the period. Hedge funds and other institutional investors own 7.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OPFI. Weiss Ratings upgraded OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Wall Street Zen raised OppFi from a “buy” rating to a “strong-buy” rating in a report on Saturday. Stephens raised their price objective on OppFi from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Citizens Jmp decreased their price target on OppFi from $16.00 to $15.00 and set a “market outperform” rating on the stock in a research note on Friday, April 17th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, OppFi presently has a consensus rating of “Hold” and an average target price of $13.00.

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.