OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz Sells 79,559 Shares

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 79,559 shares of OppFi stock in a transaction on Monday, March 17th. The shares were sold at an average price of $9.13, for a total value of $726,373.67. Following the transaction, the director now owns 186,737 shares of the company’s stock, valued at $1,704,908.81. The trade was a 29.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

OppFi Stock Down 1.0 %

NYSE:OPFI traded down $0.10 during mid-day trading on Tuesday, hitting $9.16. 678,543 shares of the company traded hands, compared to its average volume of 713,491. The stock’s fifty day moving average price is $11.60 and its 200-day moving average price is $7.97. OppFi Inc. has a one year low of $2.35 and a one year high of $17.73. The firm has a market cap of $789.29 million, a price-to-earnings ratio of 57.22 and a beta of 1.63.

OppFi (NYSE:OPFI) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The business had revenue of $135.72 million during the quarter, compared to analyst estimates of $133.50 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. Equities analysts predict that OppFi Inc. will post 0.86 EPS for the current year.

Hedge Funds Weigh In On OppFi

Large investors have recently made changes to their positions in the business. Mackenzie Financial Corp purchased a new stake in shares of OppFi in the fourth quarter worth about $131,000. Wolverine Trading LLC bought a new position in shares of OppFi during the fourth quarter valued at approximately $630,000. Squarepoint Ops LLC bought a new position in OppFi in the fourth quarter worth approximately $218,000. Two Sigma Advisers LP grew its stake in OppFi by 27.9% in the fourth quarter. Two Sigma Advisers LP now owns 429,100 shares of the company’s stock worth $3,287,000 after purchasing an additional 93,700 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in OppFi by 19.8% in the fourth quarter. Two Sigma Investments LP now owns 447,260 shares of the company’s stock worth $3,426,000 after purchasing an additional 73,905 shares in the last quarter. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on OPFI shares. Northland Securities set a $13.00 target price on OppFi in a report on Thursday, March 6th. Citizens Jmp lowered OppFi from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, JMP Securities lowered OppFi from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th.

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.