OppFi (NYSE:OPFI) Director Christina Favilla Sells 30,000 Shares

OppFi Inc. (NYSE:OPFI) Director Christina Favilla sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $8.14, for a total value of $244,200.00. Following the sale, the director owned 156,737 shares of the company’s stock, valued at approximately $1,275,839.18. This represents a 16.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

OppFi Stock Down 1.7%

Shares of NYSE:OPFI opened at $8.29 on Thursday. OppFi Inc. has a twelve month low of $7.36 and a twelve month high of $15.03. The stock’s 50 day moving average is $8.53 and its 200-day moving average is $9.23. The firm has a market capitalization of $708.22 million, a price-to-earnings ratio of 8.92 and a beta of 1.79.

OppFi (NYSE:OPFI) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. OppFi had a net margin of 10.86% and a return on equity of 39.90%. The business had revenue of $87.30 million during the quarter, compared to analyst estimates of $151.14 million. Equities research analysts anticipate that OppFi Inc. will post 1.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OppFi

Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in shares of OppFi by 193.3% during the 4th quarter. Wellington Management Group LLP now owns 2,474,102 shares of the company’s stock worth $25,879,000 after buying an additional 1,630,450 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of OppFi by 163.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company’s stock worth $8,840,000 after buying an additional 483,859 shares in the last quarter. Jump Financial LLC bought a new position in shares of OppFi during the 3rd quarter worth approximately $3,056,000. Nuveen LLC lifted its position in shares of OppFi by 53.8% during the 4th quarter. Nuveen LLC now owns 754,039 shares of the company’s stock worth $7,887,000 after buying an additional 263,744 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of OppFi by 342.0% during the 3rd quarter. Squarepoint Ops LLC now owns 291,197 shares of the company’s stock worth $3,299,000 after buying an additional 225,315 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citizens Jmp dropped their price target on shares of OppFi from $16.00 to $15.00 and set a “market outperform” rating on the stock in a research report on Friday, April 17th. Stephens lifted their price target on OppFi from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Wall Street Zen upgraded OppFi from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings upgraded OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, OppFi currently has a consensus rating of “Hold” and an average price target of $13.00.

OppFi Company Profile

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.