Key Points
- Director sale: OppFi director David Vennettilli sold 10,000 shares on May 4 at $10.00 each for a total of $100,000, leaving him with 132,389 shares — a 7.02% reduction in his position.
- Mixed quarterly results: OppFi reported EPS of $0.35 (beating the $0.33 estimate) but missed heavily on revenue at $87.3M versus analysts' $151.14M estimate.
- Market and analyst context: The stock has a market cap of $830.4M and a consensus "Hold" rating with a $14.75 target, while Citizens Jmp trimmed its target to $15 but maintained a "market outperform" rating.
OppFi Inc. (NYSE:OPFI - Get Free Report) Director David Vennettilli sold 10,000 shares of the firm's stock in a transaction on Monday, May 4th. The shares were 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 approximately $1,323,890. This represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
OppFi Trading Up 0.1%
Shares of OppFi stock opened at $9.76 on Thursday. The firm has a market cap of $830.43 million, a P/E ratio of -88.69 and a beta of 1.86. OppFi Inc. has a 12 month low of $7.36 and a 12 month high of $15.03. The stock's fifty day moving average price is $8.54 and its 200-day moving average price is $9.44.
OppFi (NYSE:OPFI - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. OppFi had a return on equity of 45.42% and a net margin of 4.41%.The firm had revenue of $87.30 million for the quarter, compared to analyst estimates of $151.14 million. Analysts forecast that OppFi Inc. will post 1.79 earnings per share for the current year.
Analyst Upgrades and Downgrades
Separately, 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 note on Friday, April 17th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $14.75.
Check Out Our Latest Report on OppFi
Hedge Funds Weigh In On OppFi
Several institutional investors and hedge funds have recently added to or reduced their stakes in OPFI. Wellington Management Group LLP grew its stake in OppFi by 193.3% in the fourth quarter. Wellington Management Group LLP now owns 2,474,102 shares of the company's stock valued at $25,879,000 after purchasing an additional 1,630,450 shares during the last quarter. JPMorgan Chase & Co. grew its stake in OppFi by 163.2% in the third quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company's stock valued at $8,840,000 after purchasing an additional 483,859 shares during the last quarter. Jump Financial LLC purchased a new position in OppFi in the third quarter valued at about $3,056,000. Nuveen LLC grew its stake in OppFi by 53.8% in the fourth quarter. Nuveen LLC now owns 754,039 shares of the company's stock valued at $7,887,000 after purchasing an additional 263,744 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in OppFi by 342.0% in the third quarter. Squarepoint Ops LLC now owns 291,197 shares of the company's stock worth $3,299,000 after acquiring an additional 225,315 shares in the last quarter. Hedge funds and other institutional investors own 7.10% of the company's stock.
OppFi Company Profile
(
Get Free Report)
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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