Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 100,000 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 100,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $6.45, for a total value of $645,000.00. Following the completion of the sale, the director now directly owns 143,825 shares of the company’s stock, valued at $927,671.25. This represents a 41.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

OppFi Stock Performance

NYSE OPFI opened at $6.53 on Friday. OppFi Inc. has a twelve month low of $2.35 and a twelve month high of $7.16. The stock has a market capitalization of $563.23 million, a PE ratio of 40.81 and a beta of 1.20. The stock has a 50-day simple moving average of $5.05 and a 200 day simple moving average of $4.13.

Wall Street Analysts Forecast Growth

Separately, Northland Securities boosted their price target on OppFi from $6.00 to $8.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Hedge Funds Weigh In On OppFi

Several large investors have recently made changes to their positions in OPFI. Segall Bryant & Hamill LLC acquired a new position in OppFi in the 3rd quarter valued at approximately $2,457,000. Los Angeles Capital Management LLC acquired a new position in OppFi in the 3rd quarter valued at approximately $355,000. Marshall Wace LLP raised its holdings in OppFi by 24.2% in the 2nd quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock valued at $581,000 after acquiring an additional 33,347 shares in the last quarter. XTX Topco Ltd acquired a new position in OppFi in the 3rd quarter valued at approximately $136,000. Finally, Brendel Financial Advisors LLC acquired a new position in OppFi in the 3rd quarter valued at approximately $105,000. 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.