Stephens Issues Positive Forecast for OppFi (NYSE:OPFI) Stock Price

OppFi (NYSE:OPFIFree Report) had its price target raised by Stephens from $9.00 to $11.00 in a research note released on Friday, Marketbeat.com reports. They currently have an equal weight rating on the stock.

Separately, Citizens Jmp dropped their price target on shares of OppFi from $16.00 to $15.00 and set a “market outperform” rating on the stock in a research report on Friday, April 17th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, OppFi presently has an average rating of “Hold” and an average target price of $13.00.

Read Our Latest Research Report on OppFi

OppFi Trading Down 5.4%

Shares of OppFi stock opened at $9.35 on Friday. The firm’s 50 day moving average is $8.56 and its 200 day moving average is $9.45. OppFi has a 1 year low of $7.36 and a 1 year high of $15.03. The firm has a market capitalization of $796.17 million, a PE ratio of 10.06 and a beta of 1.86.

OppFi (NYSE:OPFIGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. OppFi had a net margin of 10.86% and a return on equity of 42.69%. The business had revenue of $87.30 million for the quarter, compared to the consensus estimate of $151.14 million. As a group, research analysts anticipate that OppFi will post 1.8 earnings per share for the current year.

Insider Buying and Selling

In other news, Director David Vennettilli sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $10.00, for a total value of $100,000.00. Following the transaction, the director owned 132,389 shares in the company, valued at $1,323,890. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jocelyn Moore sold 8,190 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $8.53, for a total value of $69,860.70. Following the completion of the transaction, the director owned 39,076 shares in the company, valued at $333,318.28. This represents a 17.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 72.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On OppFi

Several institutional investors have recently added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. grew its position in OppFi by 6.1% during the second quarter. Great Valley Advisor Group Inc. now owns 24,895 shares of the company’s stock valued at $348,000 after buying an additional 1,423 shares during the period. Quantbot Technologies LP boosted its position in OppFi by 20.8% during the second quarter. Quantbot Technologies LP now owns 8,663 shares of the company’s stock worth $121,000 after purchasing an additional 1,494 shares during the period. Zacks Investment Management boosted its position in OppFi by 5.2% during the third quarter. Zacks Investment Management now owns 40,585 shares of the company’s stock worth $460,000 after purchasing an additional 2,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of OppFi by 17.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,282 shares of the company’s stock valued at $186,000 after acquiring an additional 2,013 shares during the period. Finally, R Squared Ltd boosted its position in shares of OppFi by 10.5% in the first quarter. R Squared Ltd now owns 21,684 shares of the company’s stock valued at $167,000 after acquiring an additional 2,053 shares during the period. Institutional investors own 7.10% of the company’s stock.

Key Headlines Impacting OppFi

Here are the key news stories impacting OppFi this week:

OppFi Company Profile

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OppFi (NYSE: OPFI) is a financial technology company that provides digital lending and credit solutions designed to meet the needs of near-prime consumers in the United States. Through its technology-driven platform, OppFi offers unsecured installment loans under the OppLoans brand, allowing borrowers to access credit online or via mobile devices. The company leverages proprietary data analytics and machine learning models to assess credit risk, streamline underwriting processes and deliver personalized loan products with transparent terms.

Headquartered in Chicago, Illinois, OppFi was founded in 2013 with a mission to increase financial inclusion for underserved and underbanked populations.

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