Insider Selling: OppFi (NYSE:OPFI) Director Sells $244,200.00 in Stock

OppFi Inc. (NYSE:OPFI) Director Christina Favilla sold 30,000 shares of the stock in a transaction on Monday, June 8th. The stock was 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 of the company’s stock, valued at approximately $1,275,839.18. This represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

OppFi Trading Up 0.7%

NYSE OPFI opened at $8.36 on Friday. The stock has a fifty day simple moving average of $8.56 and a 200-day simple moving average of $9.22. OppFi Inc. has a twelve month low of $7.36 and a twelve month high of $15.03. The stock has a market cap of $713.60 million, a PE ratio of 8.99 and a beta of 1.79.

OppFi (NYSE:OPFI) last announced its earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. OppFi had a return on equity of 39.90% and a net margin of 10.86%.The company had revenue of $87.30 million during the quarter, compared to analysts’ expectations of $151.14 million. Research analysts predict that OppFi Inc. will post 1.8 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Stephens increased their price target on OppFi from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings raised OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Wall Street Zen raised OppFi from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Finally, Citizens Jmp cut their target price on 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 analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, OppFi has an average rating of “Hold” and a consensus target price of $13.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OPFI. Goldman Sachs Group Inc. increased its position in OppFi by 191.3% during the first quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company’s stock worth $1,767,000 after buying an additional 124,744 shares during the period. Rhumbline Advisers increased its position in OppFi by 23.3% during the first quarter. Rhumbline Advisers now owns 19,362 shares of the company’s stock worth $180,000 after buying an additional 3,662 shares during the period. Creative Planning acquired a new position in OppFi during the second quarter worth approximately $188,000. Cetera Investment Advisers acquired a new position in OppFi during the second quarter worth approximately $206,000. Finally, JPMorgan Chase & Co. increased its position in OppFi by 3,200.3% during the second quarter. JPMorgan Chase & Co. now owns 296,399 shares of the company’s stock worth $4,147,000 after buying an additional 287,418 shares during the period. Institutional investors and hedge funds own 7.10% of the company’s stock.

About OppFi

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.