David Vennettilli Sells 10,000 Shares of OppFi (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 10,000 shares of OppFi stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $10.00, for a total value of $100,000.00. Following the sale, the director owned 132,389 shares of the company’s stock, valued at approximately $1,323,890. This represents a 7.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

OppFi Trading Up 1.4%

OppFi stock opened at $9.89 on Friday. The stock has a market cap of $841.84 million, a PE ratio of -89.91 and a beta of 1.86. The stock has a 50-day moving average price of $8.56 and a 200 day moving average price of $9.45. OppFi Inc. has a 52 week low of $7.36 and a 52 week high of $15.03.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $87.30 million during the quarter, compared to analysts’ expectations of $151.14 million. OppFi had a return on equity of 45.42% and a net margin of 4.41%. On average, equities analysts predict that OppFi Inc. will post 1.79 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Citizens Jmp decreased their price target 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. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.75.

Institutional Trading of OppFi

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP boosted its stake in OppFi by 669.2% in the 3rd quarter. Quarry LP now owns 3,492 shares of the company’s stock worth $40,000 after buying an additional 3,038 shares during the last quarter. Accredited Wealth Management LLC acquired a new stake in OppFi in the 3rd quarter worth about $49,000. Russell Investments Group Ltd. boosted its stake in OppFi by 217.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company’s stock worth $65,000 after buying an additional 3,207 shares during the last quarter. Quantbot Technologies LP boosted its stake in OppFi by 20.8% in the 2nd quarter. Quantbot Technologies LP now owns 8,663 shares of the company’s stock worth $121,000 after buying an additional 1,494 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in OppFi in the 4th quarter worth about $95,000. 7.10% of the stock is owned by institutional investors and hedge funds.

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.