Key Points
- CEO Todd Schwartz bought 3,450 OppFi shares at an average price of $7.59, increasing his direct holdings by 0.55% to 633,308 shares valued at approximately $4.81 million.
- OppFi shares opened at $7.61, compared with a 52-week range of $6.50 to $12.45. The company recently reported quarterly earnings of $0.33 per share, below the $0.44 analyst consensus, while revenue of $86.17 million also missed expectations.
- Wall Street’s consensus rating is Hold, with an average price target of $10.50; analysts’ views range from Buy to Sell. Institutional investors own 7.10% of the stock.
OppFi Inc. (NYSE:OPFI - Get Free Report) CEO Todd Schwartz acquired 3,450 shares of OppFi stock in a transaction that occurred on Wednesday, September 9th. The stock was acquired at an average price of $7.59 per share, with a total value of $26,185.50. Following the completion of the purchase, the chief executive officer directly owned 633,308 shares in the company, valued at $4,806,807.72. This represents a 0.55% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
OppFi Price Performance
NYSE:OPFI opened at $7.61 on Friday. OppFi Inc. has a 1 year low of $6.50 and a 1 year high of $12.45. The stock's fifty day moving average price is $8.38 and its two-hundred day moving average price is $8.53. The company has a market cap of $648.11 million, a P/E ratio of 4.02 and a beta of 1.76.
OppFi (NYSE:OPFI - Get Free Report) last announced 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 net margin of 16.64% and a return on equity of 30.89%. The company 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, analysts expect that OppFi Inc. will post 1.4 earnings per share for the current fiscal year.
Hedge Funds Weigh In On OppFi
A number of large investors have recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in OppFi by 14.8% in the second quarter. Wellington Management Group LLP now owns 3,019,250 shares of the company's stock worth $29,981,000 after buying an additional 389,082 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of OppFi by 6.8% during the third quarter. Vanguard Group Inc. now owns 1,583,772 shares of the company's stock worth $17,944,000 after acquiring an additional 100,320 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of OppFi by 163.2% during the third quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company's stock worth $8,840,000 after acquiring an additional 483,859 shares in the last quarter. Nuveen LLC lifted its holdings in shares of OppFi by 53.8% in the 4th quarter. Nuveen LLC now owns 754,039 shares of the company's stock worth $7,887,000 after acquiring an additional 263,744 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of OppFi by 14.3% in the 3rd quarter. Two Sigma Investments LP now owns 646,099 shares of the company's stock worth $7,320,000 after acquiring an additional 80,804 shares during the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on OPFI shares. Citizens Jmp reaffirmed a "market outperform" rating and set a $11.00 target price on shares of OppFi in a report on Wednesday, August 26th. UBS Group set a $11.00 price target on shares of OppFi in a report on Wednesday, August 26th. Zacks Research downgraded OppFi from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 26th. Wall Street Zen lowered OppFi from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Finally, Piper Sandler lowered OppFi to a "neutral" rating in a research note on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.50.
Check Out Our Latest Stock 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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