OppFi (NYSE:OPFI) Director Sells $48,702.24 in Stock

OppFi Inc. (NYSE:OPFI) Director Jocelyn Moore sold 4,464 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $10.91, for a total transaction of $48,702.24. Following the completion of the transaction, the director directly owned 47,266 shares of the company’s stock, valued at approximately $515,672.06. The trade was a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

OppFi Stock Performance

OPFI stock opened at $10.75 on Thursday. OppFi Inc. has a fifty-two week low of $6.81 and a fifty-two week high of $17.73. The company has a market capitalization of $928.37 million, a price-to-earnings ratio of -14.33 and a beta of 1.69. The business’s 50 day moving average price is $9.94 and its two-hundred day moving average price is $11.08.

OppFi (NYSE:OPFI) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.15. The company had revenue of $155.09 million for the quarter, compared to analysts’ expectations of $153.42 million. OppFi had a return on equity of 55.59% and a net margin of 0.68%.OppFi has set its FY 2025 guidance at 1.540-1.600 EPS. Sell-side analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current year.

Institutional Trading of OppFi

Several institutional investors and hedge funds have recently modified their holdings of the company. Thoroughbred Financial Services LLC increased its holdings in shares of OppFi by 483.3% in the second quarter. Thoroughbred Financial Services LLC now owns 82,712 shares of the company’s stock worth $1,157,000 after purchasing an additional 68,532 shares during the last quarter. Sigma Planning Corp bought a new position in shares of OppFi during the 2nd quarter valued at approximately $537,000. Sierra Summit Advisors LLC purchased a new position in shares of OppFi in the second quarter valued at $989,000. Allspring Global Investments Holdings LLC bought a new stake in OppFi in the second quarter worth $499,000. Finally, Globeflex Capital L P grew its stake in shares of OppFi by 78.1% in the 2nd quarter. Globeflex Capital L P now owns 334,441 shares of the company’s stock worth $4,679,000 after buying an additional 146,645 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on OPFI shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of OppFi in a report on Monday. Zacks Research upgraded OppFi from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, OppFi has an average rating of “Moderate Buy” and a consensus price target of $13.63.

About OppFi

OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.