OppFi (NYSE:OPFI) Sets New 1-Year High – Here’s What Happened

OppFi Inc. (NYSE:OPFI)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $14.85 and last traded at $14.65, with a volume of 739287 shares. The stock had previously closed at $13.77.

Analyst Upgrades and Downgrades

Separately, Northland Securities increased their price objective on OppFi from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, December 13th.

OppFi Stock Up 5.2 %

The stock’s 50-day moving average price is $9.38 and its 200 day moving average price is $6.50. The company has a market cap of $1.41 billion, a P/E ratio of 102.34 and a beta of 1.56.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.12. The business had revenue of $136.59 million during the quarter, compared to analysts’ expectations of $128.94 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same quarter in the previous year, the firm earned $0.16 EPS. Analysts expect that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Activity at OppFi

In other OppFi news, Director Jocelyn Moore sold 23,149 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $6.70, for a total transaction of $155,098.30. Following the completion of the transaction, the director now directly owns 99,072 shares in the company, valued at $663,782.40. This represents a 18.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Vennettilli sold 22,301 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $7.68, for a total transaction of $171,271.68. Following the sale, the director now owns 121,524 shares of the company’s stock, valued at $933,304.32. This trade represents a 15.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 145,450 shares of company stock worth $971,370. Company insiders own 84.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OPFI. Segall Bryant & Hamill LLC acquired a new stake in OppFi in the third quarter worth about $2,457,000. Los Angeles Capital Management LLC bought a new position in shares of OppFi in the 3rd quarter valued at about $355,000. Victory Capital Management Inc. acquired a new stake in shares of OppFi during the 4th quarter worth approximately $282,000. Marshall Wace LLP raised its stake in shares of OppFi by 24.2% during the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after buying an additional 33,347 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in OppFi in the fourth quarter valued at approximately $228,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

About OppFi

OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.