OppFi Inc. (NYSE:OPFI - Free Report) - Investment analysts at Northland Capmk upped their FY2024 earnings per share estimates for shares of OppFi in a report released on Thursday, November 7th. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings of $0.86 per share for the year, up from their previous estimate of $0.74. The consensus estimate for OppFi's current full-year earnings is $0.86 per share. Northland Capmk also issued estimates for OppFi's Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.16 EPS and FY2025 earnings at $0.86 EPS.
Separately, Northland Securities raised their price target on OppFi from $6.00 to $8.00 and gave the company an "outperform" rating in a report on Friday.
Read Our Latest Stock Report on OppFi
OppFi Stock Performance
NYSE OPFI traded up $0.33 during trading on Monday, reaching $6.83. 711,741 shares of the company traded hands, compared to its average volume of 280,399. OppFi has a 1-year low of $2.35 and a 1-year high of $7.09. The stock's 50 day moving average price is $4.81 and its two-hundred day moving average price is $4.00. The company has a market cap of $589.11 million, a price-to-earnings ratio of 40.63 and a beta of 1.20.
Institutional Investors Weigh In On OppFi
A number of institutional investors have recently added to or reduced their stakes in OPFI. Vanguard Group Inc. grew its stake in OppFi by 0.6% during the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company's stock worth $2,060,000 after purchasing an additional 5,218 shares during the period. Acadian Asset Management LLC acquired a new position in shares of OppFi during the 1st quarter valued at $51,000. Heron Bay Capital Management boosted its stake in OppFi by 18.5% during the first quarter. Heron Bay Capital Management now owns 45,788 shares of the company's stock worth $114,000 after acquiring an additional 7,141 shares in the last quarter. Bank of New York Mellon Corp increased its position in OppFi by 120.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company's stock valued at $124,000 after buying an additional 20,048 shares in the last quarter. Finally, LB Partners LLC raised its stake in OppFi by 1.3% during the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company's stock worth $3,122,000 after buying an additional 11,948 shares during the period. 7.10% of the stock is owned by institutional investors.
OppFi Company Profile
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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.
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