OppFi (NYSE:OPFI) Lowered to Hold Rating by Zacks Research

OppFi (NYSE:OPFI) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of OppFi in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.63.

OppFi Stock Down 1.7%

Shares of NYSE:OPFI opened at $10.83 on Monday. The firm has a fifty day moving average of $10.16 and a two-hundred day moving average of $10.91. The firm has a market capitalization of $935.62 million, a P/E ratio of -14.45 and a beta of 1.69. OppFi has a 12-month low of $6.81 and a 12-month high of $17.73.

OppFi (NYSE:OPFI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.15. OppFi had a net margin of 0.68% and a return on equity of 55.59%. The business had revenue of $155.09 million for the quarter, compared to the consensus estimate of $153.42 million. OppFi has set its FY 2025 guidance at 1.540-1.600 EPS. Equities research analysts expect that OppFi will post 0.86 earnings per share for the current fiscal year.

Insider Activity

In other OppFi news, Director Jocelyn Moore sold 4,464 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $10.91, for a total transaction of $48,702.24. Following the completion of the sale, the director owned 47,266 shares of the company’s stock, valued at $515,672.06. This represents a 8.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Pamela D. Johnson sold 5,497 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $11.21, for a total value of $61,621.37. Following the transaction, the chief financial officer owned 154,521 shares in the company, valued at approximately $1,732,180.41. This trade represents a 3.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 21,227 shares of company stock valued at $233,744. Insiders own 72.00% of the company’s stock.

Institutional Trading of OppFi

A number of institutional investors and hedge funds have recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new position in OppFi in the 2nd quarter valued at $25,000. Quarry LP acquired a new position in OppFi during the 1st quarter worth $27,000. Accredited Wealth Management LLC acquired a new position in OppFi during the 3rd quarter worth $49,000. Russell Investments Group Ltd. boosted its holdings in OppFi by 217.6% during the second quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company’s stock valued at $65,000 after acquiring an additional 3,207 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey grew its position in shares of OppFi by 56.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,384 shares of the company’s stock valued at $75,000 after purchasing an additional 1,948 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

About OppFi

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.