OppFi (NYSE:OPFI) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of OppFi (NYSE:OPFI) from a buy rating to a hold rating in a report published on Sunday.

A number of other research analysts also recently commented on the company. Citizens Jmp reduced their price target on OppFi from $15.00 to $11.00 and set a “market outperform” rating for the company in a report on Tuesday, August 11th. Zacks Research downgraded OppFi from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of OppFi in a research report on Friday, August 7th. Stephens reduced their target price on OppFi from $11.00 to $9.50 and set an “equal weight” rating for the company in a research note on Tuesday, August 11th. Finally, Citigroup reissued a “market outperform” rating on shares of OppFi in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, OppFi currently has a consensus rating of “Hold” and an average price target of $10.25.

OppFi Price Performance

Shares of OPFI stock opened at $7.00 on Friday. The company’s fifty day moving average price is $8.94 and its two-hundred day moving average price is $8.76. The firm has a market capitalization of $596.04 million, a P/E ratio of 3.70 and a beta of 1.77. OppFi has a 12 month low of $6.50 and a 12 month high of $12.45.

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

Insider Activity

In other news, CEO Todd G. Schwartz acquired 60,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of $7.05 per share, with a total value of $423,000.00. Following the completion of the acquisition, the chief executive officer directly owned 553,733 shares in the company, valued at $3,903,817.65. This represents a 12.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christina M. Favilla sold 30,000 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 156,737 shares in the company, valued at $1,275,839.18. The trade was a 16.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 70.20% of the company’s stock.

Institutional Investors Weigh In On OppFi

Institutional investors have recently made changes to their positions in the company. Quarry LP lifted its stake in OppFi by 669.2% during the third quarter. Quarry LP now owns 3,492 shares of the company’s stock worth $40,000 after purchasing an additional 3,038 shares during the last quarter. Russell Investments Group Ltd. increased its stake in OppFi by 217.6% during the second quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company’s stock valued at $65,000 after purchasing an additional 3,207 shares during the last quarter. Moran Wealth Management LLC bought a new stake in OppFi during the first quarter valued at $84,000. Lazard Asset Management LLC acquired a new stake in shares of OppFi during the first quarter worth $91,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of OppFi during the fourth quarter worth $95,000. 7.10% of the stock is currently owned by institutional investors.

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.