OppFi (NYSE:OPFI) Sets New 1-Year High – Still a Buy?

OppFi Inc. (NYSE:OPFI)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $9.40 and last traded at $8.81, with a volume of 1132820 shares. The stock had previously closed at $8.22.

Analyst Ratings Changes

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

OppFi Stock Performance

The stock has a fifty day simple moving average of $7.21 and a 200-day simple moving average of $5.32. The stock has a market cap of $764.68 million, a P/E ratio of 55.44 and a beta of 1.45.

Insiders Place Their Bets

In related news, Director David Vennettilli sold 100,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $6.45, for a total value of $645,000.00. Following the sale, the director now owns 143,825 shares of the company’s stock, valued at $927,671.25. The trade was a 41.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jocelyn Moore sold 23,149 shares of the firm’s 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 transaction, the director now owns 99,072 shares of the company’s stock, valued at approximately $663,782.40. The trade was a 18.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 145,450 shares of company stock valued at $971,370. 84.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OppFi

Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in OppFi by 271.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock worth $173,000 after buying an additional 26,742 shares during the period. Barclays PLC increased its stake in shares of OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock worth $199,000 after purchasing an additional 20,630 shares during the last quarter. Geode Capital Management LLC lifted its stake in OppFi by 4.7% in the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after purchasing an additional 18,149 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of OppFi in the third quarter valued at $136,000. Finally, Jane Street Group LLC lifted its holdings in OppFi by 28.9% during 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 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.