Research Analysts Set Expectations for OppFi Q2 Earnings

OppFi Inc. (NYSE:OPFI) – Research analysts at Northland Securities issued their Q2 2028 EPS estimates for shares of OppFi in a research report issued to clients and investors on Thursday, June 25th. Northland Securities analyst M. Grondahl expects that the company will earn $0.69 per share for the quarter. The consensus estimate for OppFi’s current full-year earnings is $1.80 per share.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $87.30 million for the quarter, compared to analyst estimates of $151.14 million. OppFi had a net margin of 10.86% and a return on equity of 39.90%.

OPFI has been the subject of a number of other reports. Wall Street Zen lowered OppFi from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Citigroup reaffirmed a “market outperform” rating on shares of OppFi in a research report on Friday, June 26th. Citizens Jmp reduced their target price on OppFi from $16.00 to $15.00 and set a “market outperform” rating on the stock in a research note on Friday, April 17th. Weiss Ratings upgraded OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Finally, Stephens boosted their target price on shares of OppFi from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, OppFi has an average rating of “Moderate Buy” and a consensus target price of $13.00.

OppFi Price Performance

Shares of NYSE:OPFI opened at $9.97 on Thursday. The firm has a market capitalization of $851.77 million, a PE ratio of 10.73 and a beta of 1.76. The business has a 50 day simple moving average of $8.74 and a two-hundred day simple moving average of $9.11. OppFi has a 1 year low of $7.36 and a 1 year high of $14.97.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in OppFi during the 1st quarter valued at $91,000. Corsair Capital Management L.P. bought a new position in shares of OppFi during the 1st quarter worth $229,000. Renaissance Technologies LLC increased its stake in shares of OppFi by 2.3% during the first quarter. Renaissance Technologies LLC now owns 630,308 shares of the company’s stock valued at $4,860,000 after buying an additional 14,100 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of OppFi by 208.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 211,667 shares of the company’s stock valued at $1,632,000 after buying an additional 142,971 shares during the period. Finally, Sei Investments Co. bought a new stake in shares of OppFi in the first quarter valued at about $123,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at OppFi

In other news, Director David Vennettilli sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the transaction, the director directly owned 132,389 shares of the company’s stock, valued at approximately $1,323,890. This trade represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christina M. Favilla sold 30,000 shares of OppFi stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $8.14, for a total transaction of $244,200.00. Following the sale, the director directly owned 156,737 shares of the company’s stock, valued at $1,275,839.18. This represents a 16.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 70.20% of the stock is owned by corporate insiders.

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.