OppFi (NYSE:OPFI) Sees Unusually-High Trading Volume

Shares of OppFi Inc. (NYSE:OPFI) saw an uptick in trading volume on Monday . 168,415 shares changed hands during mid-day trading, a decline of 39% from the previous session’s volume of 274,781 shares.The stock last traded at $4.64 and had previously closed at $4.52.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market outperform” rating and set a $5.00 price objective on shares of OppFi in a report on Wednesday, April 17th.

OppFi Trading Up 3.8 %

The stock has a market cap of $521.80 million, a price-to-earnings ratio of 75.33 and a beta of 1.20. The company has a 50 day simple moving average of $3.57 and a 200-day simple moving average of $3.23.

OppFi (NYSE:OPFI) last released its earnings results on Wednesday, August 7th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.17 by $0.12. The firm had revenue of $126.30 million for the quarter, compared to analysts’ expectations of $121.14 million. OppFi had a return on equity of 25.16% and a net margin of 0.83%. During the same quarter in the previous year, the business posted $0.19 EPS. Equities analysts forecast that OppFi Inc. will post 0.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OppFi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OPFI. Vanguard Group Inc. grew its holdings in shares of OppFi by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after acquiring an additional 5,218 shares in the last quarter. Heron Bay Capital Management increased its position in shares of OppFi by 18.5% during the 1st quarter. Heron Bay Capital Management now owns 45,788 shares of the company’s stock worth $114,000 after purchasing an additional 7,141 shares during the last quarter. AJOVista LLC bought a new stake in shares of OppFi during the 4th quarter worth approximately $61,000. LB Partners LLC boosted its holdings in shares of OppFi by 1.3% in the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company’s stock valued at $3,122,000 after buying an additional 11,948 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of OppFi in the fourth quarter valued at $89,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.

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.