Analysts Set OppFi Inc. (NYSE:OPFI) Price Target at $13.00

Shares of OppFi Inc. (NYSE:OPFI) have been given a consensus rating of “Hold” by the four brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $13.00.

A number of analysts have commented on the stock. Citizens Jmp decreased their price target on shares of OppFi from $16.00 to $15.00 and set a “market outperform” rating for the company in a research note on Friday, April 17th. Wall Street Zen upgraded shares of OppFi from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Stephens boosted their price target 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. Finally, Weiss Ratings upgraded shares of OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th.

Insiders Place Their Bets

In other OppFi news, Director Christina M. Favilla sold 30,000 shares of the business’s stock in a transaction 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 completion of the sale, the director owned 156,737 shares in the company, valued at approximately $1,275,839.18. The trade was a 16.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Vennettilli sold 10,000 shares of the business’s stock in a transaction 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 sale, the director owned 132,389 shares of the company’s stock, valued at $1,323,890. This trade represents a 7.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 70.20% of the company’s stock.

Institutional Trading of OppFi

Several institutional investors have recently made changes to their positions in OPFI. Wellington Management Group LLP grew its stake in shares of OppFi by 193.3% in the 4th quarter. Wellington Management Group LLP now owns 2,474,102 shares of the company’s stock worth $25,879,000 after acquiring an additional 1,630,450 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of OppFi by 163.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company’s stock worth $8,840,000 after acquiring an additional 483,859 shares in the last quarter. Jump Financial LLC bought a new stake in shares of OppFi in the 3rd quarter worth $3,056,000. Nuveen LLC grew its stake in shares of OppFi by 53.8% in the 4th quarter. Nuveen LLC now owns 754,039 shares of the company’s stock worth $7,887,000 after acquiring an additional 263,744 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of OppFi by 342.0% in the 3rd quarter. Squarepoint Ops LLC now owns 291,197 shares of the company’s stock worth $3,299,000 after acquiring an additional 225,315 shares in the last quarter. Institutional investors own 7.10% of the company’s stock.

OppFi Stock Up 0.7%

OppFi stock opened at $8.36 on Wednesday. The firm’s fifty day moving average is $8.56 and its 200 day moving average is $9.22. The company has a market capitalization of $713.60 million, a PE ratio of 8.99 and a beta of 1.79. OppFi has a 12-month low of $7.36 and a 12-month high of $15.03.

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

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.