OppFi (NYSE:OPFI) Hits New 12-Month High – What’s Next?

OppFi Inc. (NYSE:OPFI)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $14.85 and last traded at $14.65, with a volume of 739287 shares traded. The stock had previously closed at $13.77.

Wall Street Analysts Forecast Growth

Separately, Northland Securities lifted 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.

OppFi Trading Up 9.2 %

The firm’s 50 day moving average is $9.09 and its two-hundred day moving average is $6.36. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 93.87 and a beta of 1.56.

OppFi (NYSE:OPFI) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.12. The company had revenue of $136.59 million for the quarter, compared to analysts’ expectations of $128.94 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same quarter in the previous year, the firm posted $0.16 earnings per share. As a group, equities analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Insider Activity at OppFi

In related news, Director Jocelyn Moore sold 23,149 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was 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 $663,782.40. This represents a 18.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Vennettilli sold 100,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $6.45, for a total transaction of $645,000.00. Following the transaction, the director now directly owns 143,825 shares in the company, valued at $927,671.25. This trade represents a 41.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 145,450 shares of company stock worth $971,370 in the last 90 days. Corporate insiders own 84.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Quadrature Capital Ltd acquired a new stake in OppFi during the third quarter valued at approximately $60,000. Brendel Financial Advisors LLC acquired a new position in shares of OppFi during the third quarter worth approximately $105,000. Jane Street Group LLC increased its holdings in shares of OppFi by 28.9% in the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after purchasing an additional 5,795 shares in the last quarter. XTX Topco Ltd bought a new position in OppFi in the 3rd quarter valued at $136,000. Finally, JPMorgan Chase & Co. raised its position in shares of OppFi by 271.7% during the third quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock worth $173,000 after acquiring an additional 26,742 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

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.