OppFi (NYSE:OPFI) Downgraded by Zacks Research to “Strong Sell”

Zacks Research lowered shares of OppFi (NYSE:OPFI) from a hold rating to a strong sell rating in a research note released on Wednesday morning,Zacks.com reports.

A number of other brokerages also recently issued reports on OPFI. UBS Group set a $11.00 price target on shares of OppFi in a report on Wednesday. Citigroup restated a “market outperform” rating on shares of OppFi in a report on Tuesday, August 11th. Stephens cut their target price on shares of OppFi from $11.00 to $9.50 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of OppFi in a research note on Friday, August 7th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $11.00 price target on shares of OppFi in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.50.

OppFi Trading Up 0.7%

OPFI stock opened at $7.15 on Wednesday. The stock has a market capitalization of $609.51 million, a PE ratio of 3.78 and a beta of 1.77. OppFi has a 12-month low of $6.50 and a 12-month high of $12.45. The stock’s 50 day simple moving average is $8.77 and its 200 day simple moving average is $8.66.

OppFi (NYSE:OPFI) last posted its earnings results on Monday, August 10th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.11). The business had revenue of $86.17 million during the quarter, compared to the consensus estimate of $155.89 million. OppFi had a return on equity of 30.89% and a net margin of 16.64%.OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. On average, research analysts predict that OppFi will post 1.4 earnings per share for the current year.

Insider Activity at OppFi

In other news, Director David Vennettilli sold 28,485 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $7.16, for a total value of $203,952.60. Following the completion of the sale, the director directly owned 154,434 shares in the company, valued at $1,105,747.44. This represents a 15.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christina M. Favilla sold 30,000 shares of OppFi stock in a transaction on Monday, June 8th. The shares were sold at an average price of $8.14, for a total value of $244,200.00. Following the transaction, the director owned 156,737 shares in the company, valued at $1,275,839.18. This trade represents a 16.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders acquired 97,475 shares of company stock worth $691,768. 70.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OPFI. Goldman Sachs Group Inc. grew its stake in shares of OppFi by 191.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company’s stock valued at $1,767,000 after acquiring an additional 124,744 shares during the period. Rhumbline Advisers lifted its holdings in OppFi by 23.3% during the first quarter. Rhumbline Advisers now owns 19,362 shares of the company’s stock valued at $180,000 after purchasing an additional 3,662 shares in the last quarter. Creative Planning bought a new position in shares of OppFi in the second quarter worth approximately $188,000. Cetera Investment Advisers bought a new position in shares of OppFi in the second quarter worth approximately $206,000. Finally, JPMorgan Chase & Co. increased its stake in shares of OppFi by 3,200.3% in the second quarter. JPMorgan Chase & Co. now owns 296,399 shares of the company’s stock worth $4,147,000 after purchasing an additional 287,418 shares in the last quarter. Institutional investors own 7.10% of the company’s stock.

OppFi Company Profile

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.