Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells $155,098.30 in Stock

OppFi Inc. (NYSE:OPFI) Director Jocelyn Moore sold 23,149 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $6.70, for a total value of $155,098.30. Following the completion of the transaction, the director now directly owns 99,072 shares of the company’s stock, valued at approximately $663,782.40. This represents a 18.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

OppFi Stock Down 0.6 %

Shares of NYSE OPFI opened at $6.53 on Friday. The business’s 50 day moving average is $5.05 and its two-hundred day moving average is $4.13. OppFi Inc. has a 52-week low of $2.35 and a 52-week high of $7.16. The firm has a market cap of $563.23 million, a price-to-earnings ratio of 40.81 and a beta of 1.20.

Institutional Trading of OppFi

Several hedge funds have recently modified their holdings of OPFI. Quadrature Capital Ltd acquired a new stake in OppFi in the third quarter valued at $60,000. Acadian Asset Management LLC acquired a new stake in shares of OppFi during the 1st quarter worth about $51,000. Brendel Financial Advisors LLC acquired a new stake in shares of OppFi during the 3rd quarter worth about $105,000. Jane Street Group LLC boosted its holdings in 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. Finally, XTX Topco Ltd purchased a new position in OppFi in the third quarter valued at approximately $136,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Northland Securities increased their price target on OppFi from $6.00 to $8.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

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.