Key Points
- CEO Todd Schwartz purchased 3,550 OppFi shares at an average price of $6.93, investing $24,601.50 and increasing his ownership by 0.58% to 612,333 shares.
- OppFi shares opened at $6.89, near their 12-month low of $6.50 and below their 50-day and 200-day moving averages of $8.67 and $8.61, respectively.
- Analyst sentiment is mixed, with an average “Hold” rating and a $10.50 price target, while the company recently missed quarterly EPS and revenue expectations.
OppFi Inc. (NYSE:OPFI - Get Free Report) CEO Todd Schwartz bought 3,550 shares of the business's stock in a transaction on Monday, August 31st. The stock was bought at an average price of $6.93 per share, with a total value of $24,601.50. Following the transaction, the chief executive officer owned 612,333 shares in the company, valued at approximately $4,243,467.69. This represents a 0.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
OppFi Stock Down 0.6%
Shares of NYSE:OPFI opened at $6.89 on Wednesday. The firm has a fifty day moving average of $8.67 and a two-hundred day moving average of $8.61. OppFi Inc. has a 12-month low of $6.50 and a 12-month high of $12.45. The firm has a market capitalization of $587.10 million, a P/E ratio of 3.65 and a beta of 1.76.
OppFi (NYSE:OPFI - Get Free Report) last announced 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). The firm had revenue of $86.17 million for the quarter, compared to analysts' expectations of $155.89 million. OppFi had a return on equity of 30.89% and a net margin of 16.64%.OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. Equities research analysts expect that OppFi Inc. will post 1.4 earnings per share for the current fiscal year.
Analysts Set New Price Targets
OPFI has been the subject of several recent research reports. Piper Sandler cut OppFi to a "neutral" rating in a research note on Wednesday, August 26th. Wall Street Zen downgraded shares of OppFi from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Citizens Jmp restated a "market outperform" rating and set a $11.00 price target on shares of OppFi in a report on Wednesday, August 26th. Zacks Research cut shares of OppFi from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 26th. 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, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $10.50.
Read Our Latest Analysis on OPFI
Institutional Trading of OppFi
Several large investors have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in OppFi by 193.3% in the 4th quarter. Wellington Management Group LLP now owns 2,474,102 shares of the company's stock worth $25,879,000 after acquiring an additional 1,630,450 shares during the period. JPMorgan Chase & Co. boosted its holdings in OppFi by 163.2% during the third quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company's stock valued at $8,840,000 after acquiring an additional 483,859 shares during the period. Globeflex Capital L P acquired a new stake in shares of OppFi in the second quarter valued at about $3,240,000. PL Capital Advisors LLC acquired a new stake in shares of OppFi in the second quarter valued at about $2,979,000. Finally, Jump Financial LLC bought a new position in shares of OppFi in the third quarter worth about $3,056,000. 7.10% of the stock is owned by institutional investors.
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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