OppFi (NYSE:OPFI) Stock Price Up 11.2% – Time to Buy?

Shares of OppFi Inc. (NYSE:OPFIGet Free Report) were up 11.2% on Tuesday . The company traded as high as $13.59 and last traded at $13.89. Approximately 610,159 shares were traded during trading, a decline of 75% from the average daily volume of 2,399,724 shares. The stock had previously closed at $12.49.

Wall Street Analyst Weigh In

Separately, Northland Securities increased their target price on shares of OppFi from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th.

Get Our Latest Research Report on OppFi

OppFi Stock Down 0.3 %

The stock has a market capitalization of $1.19 billion, a P/E ratio of 86.47 and a beta of 1.45. The firm has a 50-day moving average of $8.71 and a 200 day moving average of $6.13.

OppFi (NYSE:OPFIGet Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.12. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The company had revenue of $136.59 million for the quarter, compared to the consensus estimate of $128.94 million. During the same period in the previous year, the business earned $0.16 earnings per share. Analysts predict that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Insider Activity

In other OppFi news, Director Jocelyn Moore sold 23,149 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $6.70, for a total transaction of $155,098.30. Following the completion of the sale, the director now owns 99,072 shares in the company, valued at approximately $663,782.40. The trade was a 18.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Vennettilli sold 100,000 shares of OppFi stock in a transaction on Friday, November 8th. The stock was sold at an average price of $6.45, for a total value of $645,000.00. Following the sale, the director now directly owns 143,825 shares of the company’s stock, valued at approximately $927,671.25. This trade represents a 41.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,450 shares of company stock worth $971,370. 84.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OppFi

Several institutional investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC bought a new stake in shares of OppFi in the third quarter valued at about $2,457,000. Barclays PLC grew its position in OppFi by 95.9% in the third quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after purchasing an additional 20,630 shares in the last quarter. Geode Capital Management LLC increased its stake in OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after buying an additional 18,149 shares during the last quarter. Jane Street Group LLC lifted its position in OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after buying an additional 5,795 shares in the last quarter. Finally, Brendel Financial Advisors LLC acquired a new position in OppFi during the third quarter valued at approximately $105,000. Institutional investors own 7.10% of the company’s stock.

OppFi Company Profile

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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.

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