OppFi (NYSE:OPFI) Downgraded by Zacks Research to “Strong Sell”

OppFi (NYSE:OPFI) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other analysts have also issued reports on the company. Wall Street Zen lowered OppFi from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Citigroup reaffirmed a “market outperform” rating on shares of OppFi in a research note on Tuesday, August 11th. Citizens Jmp reaffirmed a “market outperform” rating and set a $11.00 price objective on shares of OppFi in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of OppFi in a research note on Friday, August 7th. Finally, UBS Group set a $11.00 target price on shares of OppFi in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, OppFi currently has an average rating of “Hold” and an average target price of $10.50.

OppFi Trading Up 0.7%

Shares of OPFI stock opened at $7.15 on Wednesday. The stock has a market cap of $609.51 million, a P/E ratio of 3.78 and a beta of 1.77. OppFi has a 1 year low of $6.50 and a 1 year high of $12.45. The stock has a 50 day simple moving average of $8.77 and a 200 day simple moving average of $8.66.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.11). The company had revenue of $86.17 million for the quarter, compared to the consensus estimate of $155.89 million. OppFi had a return on equity of 30.89% and a net margin of 16.64%.OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. Analysts forecast that OppFi will post 1.4 EPS for the current year.

Insider Buying and Selling at OppFi

In other OppFi news, CEO Todd G. Schwartz bought 60,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were purchased at an average price of $7.05 per share, for a total transaction of $423,000.00. Following the completion of the transaction, the chief executive officer directly owned 553,733 shares in the company, valued at approximately $3,903,817.65. The trade was a 12.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christina M. Favilla sold 30,000 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $8.14, for a total value of $244,200.00. Following the transaction, the director directly owned 156,737 shares of the company’s stock, valued at approximately $1,275,839.18. The trade was a 16.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have acquired a total of 97,475 shares of company stock worth $691,768 over the last 90 days. Insiders own 70.20% of the company’s stock.

Hedge Funds Weigh In On OppFi

A number of institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its position in OppFi by 208.1% in 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of OppFi by 50.0% during the first quarter. Dimensional Fund Advisors LP now owns 426,089 shares of the company’s stock worth $3,285,000 after buying an additional 141,949 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of OppFi by 53.0% during the first quarter. Kestra Advisory Services LLC now owns 176,047 shares of the company’s stock worth $1,357,000 after buying an additional 61,013 shares in the last quarter. Globeflex Capital L P bought a new position in shares of OppFi in the 2nd quarter valued at $3,240,000. Finally, Hsbc Holdings PLC lifted its stake in shares of OppFi by 46.8% in the 1st quarter. Hsbc Holdings PLC now owns 16,539 shares of the company’s stock valued at $127,000 after acquiring an additional 5,269 shares during the last quarter. 7.10% of the stock is currently 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.