Key Points
- CEO insider purchase: Todd Schwartz bought 3,475 OppFi shares at an average price of $7.41, investing $25,749.75. His ownership increased 0.55% to 629,858 shares.
- Recent financial performance was below expectations: OppFi reported quarterly EPS of $0.33 versus the $0.44 consensus estimate, while revenue of $86.17 million fell short of the $155.89 million forecast.
- Analyst sentiment remains cautious: OppFi has a consensus “Hold” rating and a $10.50 price target, with ratings split among Buy, Hold, and Sell recommendations.
OppFi Inc. (NYSE:OPFI - Get Free Report) CEO Todd Schwartz bought 3,475 shares of the stock in a transaction on Tuesday, September 8th. The shares were bought at an average price of $7.41 per share, with a total value of $25,749.75. Following the acquisition, the chief executive officer owned 629,858 shares of the company's stock, valued at $4,667,247.78. This trade represents a 0.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
OppFi Trading Up 2.1%
Shares of NYSE OPFI opened at $7.55 on Thursday. The stock has a market capitalization of $643.68 million, a PE ratio of 4.00 and a beta of 1.76. OppFi Inc. has a 12-month low of $6.50 and a 12-month high of $12.45. The stock's fifty day simple moving average is $8.43 and its two-hundred day simple moving average is $8.54.
OppFi (NYSE:OPFI - Get Free Report) last issued 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 net margin of 16.64% and a return on equity of 30.89%. The company had revenue of $86.17 million for the quarter, compared to the consensus estimate of $155.89 million. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. On average, equities analysts predict that OppFi Inc. will post 1.4 earnings per share for the current fiscal year.
Hedge Funds Weigh In On OppFi
Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in OppFi by 191.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company's stock worth $1,767,000 after purchasing an additional 124,744 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of OppFi by 23.3% during the first quarter. Rhumbline Advisers now owns 19,362 shares of the company's stock valued at $180,000 after buying an additional 3,662 shares during the last quarter. Creative Planning acquired a new position in shares of OppFi in the 2nd quarter valued at $188,000. Cetera Investment Advisers purchased a new position in OppFi in the 2nd quarter worth $206,000. Finally, JPMorgan Chase & Co. raised its stake in OppFi by 3,200.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 296,399 shares of the company's stock worth $4,147,000 after acquiring an additional 287,418 shares during the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. UBS Group set a $11.00 price objective on shares of OppFi in a research note on Wednesday, August 26th. Weiss Ratings restated a "hold (c)" rating on shares of OppFi in a research note on Friday, August 7th. Citizens Jmp reaffirmed a "market outperform" rating and issued a $11.00 price target on shares of OppFi in a report on Wednesday, August 26th. Piper Sandler downgraded OppFi to a "neutral" rating in a research report on Wednesday, August 26th. Finally, Stephens decreased their price objective on OppFi from $11.00 to $9.50 and set an "equal weight" rating for the company in a report on Tuesday, August 11th. Two 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's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $10.50.
Check Out Our Latest Stock Analysis on OPFI
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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