OppFi Inc. (NYSE:OPFI - Get Free Report) CEO Todd Schwartz purchased 3,550 shares of OppFi stock in a transaction dated Friday, August 21st. The shares were bought at an average price of $7.07 per share, for a total transaction of $25,098.50. Following the acquisition, the chief executive officer owned 591,283 shares in the company, valued at approximately $4,180,370.81. This trade represents a 0.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
OppFi Trading Up 1.4%
Shares of OPFI stock opened at $7.08 on Tuesday. OppFi Inc. has a twelve month low of $6.50 and a twelve month high of $12.45. The company's 50-day moving average price is $8.85 and its 200-day moving average price is $8.69. The stock has a market cap of $602.95 million, a price-to-earnings ratio of 3.74 and a beta of 1.77.
OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.11). OppFi had a return on equity of 30.89% and a net margin of 16.64%.The firm 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. As a group, equities research analysts predict that OppFi Inc. will post 1.4 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in OPFI. California State Teachers Retirement System boosted its position in shares of OppFi by 145.3% during the second quarter. California State Teachers Retirement System now owns 3,545 shares of the company's stock worth $357,000 after buying an additional 2,100 shares during the period. AXQ Capital LP purchased a new stake in shares of OppFi in the 2nd quarter valued at $426,000. PL Capital Advisors LLC purchased a new stake in shares of OppFi in the 2nd quarter valued at $2,979,000. Wellington Management Group LLP lifted its stake in OppFi by 14.8% during the 2nd quarter. Wellington Management Group LLP now owns 3,019,250 shares of the company's stock worth $29,981,000 after acquiring an additional 389,082 shares in the last quarter. Finally, Globeflex Capital L P acquired a new position in OppFi during the 2nd quarter worth about $3,240,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
OPFI has been the topic of several analyst reports. Stephens reduced 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 report on Tuesday, August 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of OppFi in a research report on Friday, August 7th. Zacks Research downgraded OppFi from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Citizens Jmp decreased their price target on OppFi from $15.00 to $11.00 and set a "market outperform" rating on the stock 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $10.25.
Get Our Latest Analysis on OppFi
OppFi Company Profile
(
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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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