OppFi (NYSE:OPFI) Trading 5.1% Higher – Should You Buy?

OppFi Inc. (NYSE:OPFI)’s share price shot up 5.1% on Wednesday . The stock traded as high as $9.34 and last traded at $9.60. 76,655 shares changed hands during trading, a decline of 97% from the average session volume of 2,252,476 shares. The stock had previously closed at $9.14.

Wall Street Analyst Weigh In

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

OppFi Price Performance

The stock has a market cap of $857.40 million, a P/E ratio of 62.16 and a beta of 1.63. The company has a fifty day moving average of $11.67 and a 200 day moving average of $8.00.

OppFi (NYSE:OPFI) last issued 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. The company had revenue of $135.72 million for the quarter, compared to analysts’ expectations of $133.50 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same period last year, the firm earned $0.10 EPS. As a group, analysts anticipate that OppFi Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling at OppFi

In related news, Director David Vennettilli sold 30,762 shares of OppFi stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total value of $279,626.58. Following the transaction, the director now directly owns 90,762 shares in the company, valued at $825,026.58. The trade was a 25.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Theodore G. Schwartz sold 79,762 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.13, for a total value of $728,227.06. Following the sale, the director now directly owns 186,737 shares in the company, valued at $1,704,908.81. This trade represents a 29.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 338,927 shares of company stock valued at $3,153,476. 84.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in shares of OppFi by 52.6% in the 4th quarter. Renaissance Technologies LLC now owns 826,115 shares of the company’s stock valued at $6,328,000 after acquiring an additional 284,900 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of OppFi by 249.2% in the fourth quarter. Marshall Wace LLP now owns 617,366 shares of the company’s stock valued at $4,729,000 after purchasing an additional 440,582 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of OppFi in the third quarter worth $2,457,000. Two Sigma Investments LP grew its holdings in shares of OppFi by 19.8% during the fourth quarter. Two Sigma Investments LP now owns 447,260 shares of the company’s stock valued at $3,426,000 after buying an additional 73,905 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in OppFi by 27.9% during the fourth quarter. Two Sigma Advisers LP now owns 429,100 shares of the company’s stock valued at $3,287,000 after buying an additional 93,700 shares during the period. 7.10% of the stock is owned by hedge funds and other institutional investors.

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.