OppFi (NYSE:OPFI) Insider Christopher Mckay Sells 9,030 Shares

OppFi Inc. (NYSE:OPFI) insider Christopher Mckay sold 9,030 shares of OppFi stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $11.21, for a total value of $101,226.30. Following the sale, the insider directly owned 172,129 shares in the company, valued at $1,929,566.09. The trade was a 4.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

OppFi Trading Up 1.0%

Shares of NYSE:OPFI opened at $10.84 on Friday. OppFi Inc. has a 1-year low of $4.38 and a 1-year high of $17.73. The firm has a market capitalization of $946.44 million, a PE ratio of -8.27 and a beta of 1.71. The business’s 50 day moving average is $10.76 and its 200-day moving average is $11.11.

OppFi (NYSE:OPFI) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.15. OppFi had a positive return on equity of 53.83% and a negative net margin of 6.04%.The company had revenue of $142.44 million for the quarter, compared to analyst estimates of $141.19 million. On average, sell-side analysts predict that OppFi Inc. will post 0.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OPFI shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OppFi in a research note on Saturday, September 27th. Zacks Research raised OppFi to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Stephens started coverage on OppFi in a research note on Thursday, June 12th. They issued an “equal weight” rating and a $14.50 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.63.

Hedge Funds Weigh In On OppFi

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC acquired a new position in OppFi in the second quarter worth $233,000. Osaic Holdings Inc. boosted its stake in OppFi by 53.1% in the second quarter. Osaic Holdings Inc. now owns 33,103 shares of the company’s stock worth $463,000 after purchasing an additional 11,475 shares in the last quarter. Squarepoint Ops LLC boosted its stake in OppFi by 104.2% in the second quarter. Squarepoint Ops LLC now owns 65,882 shares of the company’s stock worth $922,000 after purchasing an additional 33,617 shares in the last quarter. Vident Advisory LLC acquired a new position in OppFi in the second quarter worth $468,000. Finally, Tidal Investments LLC boosted its stake in OppFi by 59.2% in the second quarter. Tidal Investments LLC now owns 32,389 shares of the company’s stock worth $453,000 after purchasing an additional 12,046 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

OppFi Company Profile

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.