OppFi (NYSE:OPFI) Stock Rating Lowered by JMP Securities

OppFi (NYSE:OPFI) was downgraded by equities research analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a report released on Wednesday, MarketBeat.com reports.

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 note on Friday, December 13th.

OppFi Stock Down 9.1 %

OppFi stock opened at $13.01 on Wednesday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 81.29 and a beta of 1.57. OppFi has a 52 week low of $2.35 and a 52 week high of $17.73. The business’s 50-day moving average price is $10.27 and its 200 day moving average price is $6.95.

Insider Buying and Selling at OppFi

In related news, Director David Vennettilli sold 22,301 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $7.68, for a total transaction of $171,271.68. Following the completion of the sale, the director now owns 121,524 shares of the company’s stock, valued at approximately $933,304.32. This represents a 15.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 84.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mariner LLC acquired a new stake in shares of OppFi in the fourth quarter valued at approximately $93,000. Quadrature Capital Ltd acquired a new stake in shares of OppFi in the 3rd quarter worth $60,000. NewEdge Advisors LLC raised its holdings in shares of OppFi by 4.7% during the 4th quarter. NewEdge Advisors LLC now owns 18,328 shares of the company’s stock worth $140,000 after acquiring an additional 831 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in shares of OppFi during the 4th quarter worth $195,000. Finally, Jane Street Group LLC boosted its position in shares of OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after acquiring an additional 5,795 shares during the last quarter. 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.