Key Points
- CEO Todd Schwartz bought 3,300 OppFi shares at an average price of $7.96, increasing his direct ownership by 0.52% to 639,958 shares.
- OppFi shares were trading at $7.19, down 7.6%, after the company missed quarterly expectations with adjusted EPS of $0.33 versus the $0.44 consensus and revenue of $86.17 million versus $155.89 million expected.
- Analyst sentiment is mixed, with OppFi holding an average “Hold” rating and a consensus price target of $10.50; institutional investors own 7.1% of the company.
OppFi Inc. (NYSE:OPFI - Get Free Report) CEO Todd Schwartz acquired 1,940 shares of the firm's stock in a transaction on Monday, September 14th. The stock was purchased at an average price of $7.80 per share, for a total transaction of $15,132.00. Following the transaction, the chief executive officer directly owned 641,898 shares of the company's stock, valued at approximately $5,006,804.40. This trade represents a 0.30% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
OppFi Trading Down 7.6%
Shares of NYSE:OPFI opened at $7.19 on Wednesday. The company has a market cap of $612.32 million, a price-to-earnings ratio of 3.80 and a beta of 1.76. The company has a 50-day moving average price of $8.25 and a 200-day moving average price of $8.50. OppFi Inc. has a 12 month low of $6.50 and a 12 month high of $12.45.
OppFi (NYSE:OPFI - Get Free Report) last posted its earnings results 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). 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. As a group, research analysts forecast that OppFi Inc. will post 1.4 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Stephens cut their price objective on 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 restated a "hold (c)" rating on shares of OppFi in a report on Friday, August 7th. Zacks Research lowered OppFi from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 26th. UBS Group set a $11.00 price target on shares of OppFi in a report on Wednesday, August 26th. Finally, Citizens Jmp reissued a "market outperform" rating and set a $11.00 price objective on shares of OppFi in a research report 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 company has a consensus rating of "Hold" and a consensus target price of $10.50.
Get Our Latest Research Report on OPFI
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in OPFI. Moran Wealth Management LLC purchased a new position in shares of OppFi in the 1st quarter valued at approximately $84,000. Lazard Asset Management LLC bought a new stake in shares of OppFi during the first quarter valued at approximately $91,000. Sei Investments Co. purchased a new stake in OppFi in the first quarter worth $123,000. Hsbc Holdings PLC grew its stake in OppFi by 46.8% in the first quarter. Hsbc Holdings PLC now owns 16,539 shares of the company's stock worth $127,000 after purchasing an additional 5,269 shares during the period. Finally, AXQ Capital LP raised its holdings in OppFi by 19.5% in the fourth quarter. AXQ Capital LP now owns 15,113 shares of the company's stock worth $158,000 after purchasing an additional 2,470 shares in the last quarter. Institutional investors own 7.10% of the company's stock.
OppFi Company Profile
(
Get Free Report)
OppFi Inc (NYSE: OPFI) is a financial technology company that provides access to credit for consumers who may have limited or impaired credit histories. Through its OppLoans platform, the company offers unsecured personal installment loans designed to help customers manage expenses, consolidate debt, or address other short-term financial needs.
OppFi uses technology, data analysis, and automated underwriting to evaluate applicants and facilitate loan applications through digital channels.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
