OppFi Inc. (NYSE:OPFI) Stock Has Average Target Price of $10.50 According to Analysts

Shares of OppFi Inc. (NYSE:OPFI) have received a consensus rating of “Hold” from the six research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $10.50.

OPFI has been the subject of several recent analyst reports. Piper Sandler cut shares of OppFi to a “neutral” rating in a report on Wednesday, August 26th. Citigroup restated a “market outperform” rating on shares of OppFi in a research report on Thursday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of OppFi in a research note on Wednesday, November 4th. UBS Group set a $11.00 price objective on OppFi in a research note on Wednesday, August 26th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $11.00 price objective on shares of OppFi in a report on Wednesday, August 26th.

OppFi Stock Down 0.4%

Shares of NYSE OPFI opened at $6.00 on Friday. The stock has a market cap of $508.80 million, a P/E ratio of 3.95 and a beta of 1.95. The firm’s 50-day simple moving average is $6.27 and its 200 day simple moving average is $8.08. OppFi has a fifty-two week low of $5.36 and a fifty-two week high of $11.69.

OppFi (NYSE:OPFI) last announced its earnings results on Tuesday, October 27th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $92.75 million during the quarter, compared to analyst estimates of $152.10 million. OppFi had a net margin of 15.62% and a return on equity of 25.06%. On average, sell-side analysts anticipate that OppFi will post 1.36 earnings per share for the current fiscal year.

Insider Transactions at OppFi

In other OppFi news, CEO Todd Schwartz purchased 20,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of $7.20 per share, for a total transaction of $144,000.00. Following the completion of the transaction, the chief executive officer owned 573,733 shares in the company, valued at $4,130,877.60. The trade was a 3.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Mckay sold 77,850 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $7.18, for a total transaction of $558,963.00. Following the completion of the sale, the insider owned 1,431,479 shares in the company, valued at $10,278,019.22. The trade was a 5.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders bought 70,640 shares of company stock valued at $513,475 and sold 114,985 shares valued at $832,289. Company insiders own 70.20% of the company’s stock.

Institutional Trading of OppFi

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in OppFi by 14.8% during the second quarter. Wellington Management Group LLP now owns 3,019,250 shares of the company’s stock valued at $29,981,000 after buying an additional 389,082 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of OppFi by 2.3% in the first quarter. Renaissance Technologies LLC now owns 630,308 shares of the company’s stock worth $4,860,000 after acquiring an additional 14,100 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of OppFi by 50.0% during the first quarter. Dimensional Fund Advisors LP now owns 426,089 shares of the company’s stock valued at $3,285,000 after acquiring an additional 141,949 shares during the period. Globeflex Capital L P acquired a new stake in shares of OppFi during the second quarter valued at approximately $3,240,000. Finally, PL Capital Advisors LLC purchased a new stake in shares of OppFi in the 2nd quarter valued at approximately $2,979,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

About OppFi

OppFi Inc. is a financial technology company that provides consumer credit products, including personal installment loans and a credit card. Its digital platform is designed to help people who may have difficulty obtaining credit through traditional financial institutions access financial services. The company works with bank partners to offer its products, while providing technology and customer-support services. Product availability and terms can vary by state. Originally known as OppLoans, the company adopted the OppFi name in 2021 when it became publicly traded.