Key Points
- OppFi director David Vennettilli sold 28,485 shares at an average price of $7.16, generating $203,952.60. His remaining direct ownership fell 15.57% to 154,434 shares.
- OppFi shares opened at $7.00 and were down 2.2%, with the stock trading well below its 50-day and 200-day moving averages. The company recently reported quarterly EPS of $0.33, below the $0.44 analyst consensus, while revenue of $86.17 million missed the $155.89 million estimate.
- Analyst sentiment is mixed but leans toward “Hold”: two analysts rate OppFi a Buy and three rate it a Hold, with a consensus price target of $10.25. Institutional investors own 7.10% of the company.
OppFi Inc. (NYSE:OPFI - Get Free Report) CEO Todd Schwartz purchased 3,450 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average price of $7.13 per share, with a total value of $24,598.50. Following the completion of the purchase, the chief executive officer owned 587,733 shares in the company, valued at $4,190,536.29. This represents a 0.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
OppFi Price Performance
NYSE:OPFI opened at $7.00 on Friday. OppFi Inc. has a one year low of $6.50 and a one year high of $12.45. The company's 50-day simple moving average is $8.87 and its 200 day simple moving average is $8.72. The firm has a market capitalization of $596.47 million, a P/E ratio of 3.70 and a beta of 1.77.
OppFi (NYSE:OPFI - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.11). OppFi had a return on equity of 30.89% and a net margin of 16.64%.The business had revenue of $86.17 million during the quarter, compared to analysts' expectations of $155.89 million. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. On average, equities research analysts expect that OppFi Inc. will post 1.4 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on OPFI. Citigroup reiterated a "market outperform" rating on shares of OppFi in a research note on Tuesday, August 11th. Wall Street Zen cut OppFi from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of OppFi in a research report on Friday, August 7th. Finally, Stephens dropped their price target on shares of OppFi from $11.00 to $9.50 and set an "equal weight" rating on the stock in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, OppFi has an average rating of "Hold" and an average price target of $10.25.
Read Our Latest Stock Report on OppFi
Institutional Trading of OppFi
A number of institutional investors and hedge funds have recently modified their holdings of OPFI. Goldman Sachs Group Inc. lifted its holdings in shares of OppFi by 191.3% during the first quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company's stock valued at $1,767,000 after purchasing an additional 124,744 shares in the last quarter. Rhumbline Advisers increased its holdings in OppFi by 23.3% in the 1st quarter. Rhumbline Advisers now owns 19,362 shares of the company's stock worth $180,000 after buying an additional 3,662 shares in the last quarter. Creative Planning purchased a new position in OppFi in the 2nd quarter worth about $188,000. Cetera Investment Advisers purchased a new position in OppFi in the 2nd quarter worth about $206,000. Finally, JPMorgan Chase & Co. lifted its stake in OppFi by 3,200.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 296,399 shares of the company's stock valued at $4,147,000 after acquiring an additional 287,418 shares during the period. Institutional investors own 7.10% of the company's stock.
About OppFi
(
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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