OppFi (NYSE:OPFI) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of OppFi (NYSE:OPFI) from a hold rating to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of OppFi in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, OppFi presently has an average rating of “Moderate Buy” and an average target price of $13.63.

OppFi Stock Up 2.6%

Shares of OPFI stock opened at $9.92 on Tuesday. OppFi has a 52-week low of $5.12 and a 52-week high of $17.73. The stock has a market cap of $866.12 million, a PE ratio of -13.23 and a beta of 1.69. The business has a 50-day simple moving average of $10.52 and a 200-day simple moving average of $11.28.

OppFi (NYSE:OPFI) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.15. The company had revenue of $155.09 million during the quarter, compared to the consensus estimate of $153.42 million. OppFi had a return on equity of 58.48% and a net margin of 0.68%. OppFi has set its FY 2025 guidance at 1.540-1.600 EPS. Sell-side analysts anticipate that OppFi will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling at OppFi

In other news, CFO Pamela D. Johnson sold 5,497 shares of OppFi stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $11.21, for a total transaction of $61,621.37. Following the sale, the chief financial officer owned 154,521 shares of the company’s stock, valued at approximately $1,732,180.41. The trade was a 3.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher J. Mckay sold 9,030 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 value of $101,226.30. Following the completion of the transaction, the insider owned 172,129 shares of the company’s stock, valued at $1,929,566.09. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 222,047 shares of company stock worth $2,430,937 in the last ninety days. 72.00% of the stock is owned by insiders.

Hedge Funds Weigh In On OppFi

Several large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in OppFi in the second quarter valued at about $499,000. Stratos Wealth Partners LTD. purchased a new stake in shares of OppFi in the 1st quarter valued at approximately $246,000. American Century Companies Inc. lifted its holdings in shares of OppFi by 29.0% in the 1st quarter. American Century Companies Inc. now owns 43,654 shares of the company’s stock worth $406,000 after acquiring an additional 9,808 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of OppFi in the 1st quarter worth approximately $261,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of OppFi during the 2nd quarter worth approximately $427,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

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.