OppFi Inc. (NYSE:OPFI - Get Free Report) CEO Todd Schwartz acquired 3,475 shares of the business's stock in a transaction dated Monday, August 24th. The stock was acquired at an average cost of $7.15 per share, with a total value of $24,846.25. Following the purchase, the chief executive officer directly owned 594,758 shares in the company, valued at $4,252,519.70. This represents a 0.59% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
OppFi Stock Performance
OPFI stock opened at $7.31 on Wednesday. The firm has a market cap of $623.06 million, a P/E ratio of 3.87 and a beta of 1.77. The firm's fifty day moving average is $8.82 and its 200 day moving average is $8.68. OppFi Inc. has a 52 week low of $6.50 and a 52 week high of $12.45.
OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly 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 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 the consensus estimate of $155.89 million. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. As a group, analysts forecast that OppFi Inc. will post 1.4 EPS for the current year.
Institutional Trading of OppFi
A number of institutional investors have recently modified their holdings of the company. California State Teachers Retirement System grew its stake in shares of OppFi by 145.3% in the second quarter. California State Teachers Retirement System now owns 3,545 shares of the company's stock worth $357,000 after purchasing an additional 2,100 shares during the last quarter. AXQ Capital LP purchased a new position in OppFi during the 2nd quarter valued at about $426,000. PL Capital Advisors LLC bought a new position in OppFi during the 2nd quarter valued at approximately $2,979,000. Wellington Management Group LLP raised its position in OppFi by 14.8% during the 2nd quarter. Wellington Management Group LLP now owns 3,019,250 shares of the company's stock valued at $29,981,000 after purchasing an additional 389,082 shares during the last quarter. Finally, Globeflex Capital L P purchased a new stake in OppFi in the 2nd quarter worth approximately $3,240,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Zacks Research cut OppFi from a "strong-buy" rating to a "hold" rating in a 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. Weiss Ratings reiterated a "hold (c)" rating on shares of OppFi in a research report on Friday, August 7th. Citigroup reissued a "market outperform" rating on shares of OppFi in a research note on Tuesday, August 11th. Finally, Stephens cut their target price on shares of OppFi from $11.00 to $9.50 and set an "equal weight" rating on the stock in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $10.25.
Check Out Our Latest Research Report on OPFI
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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