OppFi (NYSE:OPFI) Receives “Sell (D)” Rating from Weiss Ratings

OppFi (NYSE:OPFI)‘s stock had its “sell (d)” rating reiterated by research analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Separately, Zacks Research cut OppFi from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.63.

OppFi Trading Up 3.5%

NYSE:OPFI opened at $10.22 on Friday. OppFi has a twelve month low of $4.83 and a twelve month high of $17.73. The firm’s fifty day simple moving average is $10.54 and its 200 day simple moving average is $11.18. The firm has a market capitalization of $891.92 million, a price-to-earnings ratio of -7.80 and a beta of 1.71.

OppFi (NYSE:OPFI) last released its earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.30 by $0.15. OppFi had a negative net margin of 6.04% and a positive return on equity of 53.83%. The business had revenue of $142.44 million during the quarter, compared to analyst estimates of $141.19 million. On average, analysts predict that OppFi will post 0.86 earnings per share for the current year.

Insider Buying and Selling

In other OppFi news, CFO Pamela D. Johnson sold 5,497 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $11.21, for a total transaction of $61,621.37. Following the transaction, the chief financial officer owned 154,521 shares of the company’s stock, valued at $1,732,180.41. This trade represents a 3.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Theodore G. Schwartz sold 102,325 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $10.80, for a total value of $1,105,110.00. Following the completion of the sale, the director directly owned 199,644 shares of the company’s stock, valued at approximately $2,156,155.20. This trade represents a 33.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,811 shares of company stock worth $2,408,743 over the last three months. 72.00% of the stock is owned by insiders.

Institutional Investors Weigh In On OppFi

Several hedge funds and other institutional investors have recently made changes to their positions in OPFI. Optivise Advisory Services LLC purchased a new position in OppFi during the 3rd quarter valued at about $127,000. Inspire Investing LLC acquired a new stake in OppFi during the 3rd quarter worth approximately $1,001,000. DAVENPORT & Co LLC boosted its holdings in shares of OppFi by 42.9% in the third quarter. DAVENPORT & Co LLC now owns 115,048 shares of the company’s stock valued at $1,303,000 after acquiring an additional 34,523 shares during the period. Corient Private Wealth LLC acquired a new stake in OppFi in the second quarter valued at $233,000. Finally, Osaic Holdings Inc. lifted its position in OppFi by 53.1% during the 2nd quarter. Osaic Holdings Inc. now owns 33,103 shares of the company’s stock worth $463,000 after acquiring an additional 11,475 shares in the last quarter. 7.10% of the stock is owned by institutional investors.

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.