OppFi (NYSE:OPFI) Given New $10.00 Price Target at Northland Securities

OppFi (NYSE:OPFI - Get Free Report) had its price objective boosted by analysts at Northland Securities from $8.00 to $10.00 in a report released on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Northland Securities' price objective suggests a potential upside of 36.24% from the company's current price.

OppFi Price Performance

OPFI stock traded up $0.68 during trading on Friday, reaching $7.34. 624,439 shares of the company were exchanged, compared to its average volume of 307,097. OppFi has a twelve month low of $2.35 and a twelve month high of $8.54. The company has a market capitalization of $632.78 million, a price-to-earnings ratio of 45.88 and a beta of 1.45. The company has a 50-day moving average of $6.16 and a two-hundred day moving average of $4.72.

Insider Activity

In other OppFi news, Director Jocelyn Moore sold 23,149 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $6.70, for a total transaction of $155,098.30. Following the sale, the director now directly owns 99,072 shares of the company's stock, valued at $663,782.40. The trade was a 18.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Vennettilli sold 100,000 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $6.45, for a total transaction of $645,000.00. Following the transaction, the director now directly owns 143,825 shares of the company's stock, valued at $927,671.25. The trade was a 41.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,450 shares of company stock worth $971,370. Insiders own 84.00% of the company's stock.

Institutional Trading of OppFi

Institutional investors and hedge funds have recently bought and sold shares of the stock. LB Partners LLC grew its position in shares of OppFi by 1.3% in the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company's stock valued at $3,122,000 after buying an additional 11,948 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of OppFi by 0.6% in the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company's stock worth $2,060,000 after acquiring an additional 5,218 shares during the period. Segall Bryant & Hamill LLC bought a new stake in OppFi in the third quarter valued at approximately $2,457,000. Geode Capital Management LLC increased its position in OppFi by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company's stock valued at $1,897,000 after purchasing an additional 18,149 shares during the period. Finally, Marshall Wace LLP raised its holdings in OppFi by 24.2% during the 2nd quarter. Marshall Wace LLP now owns 171,318 shares of the company's stock worth $581,000 after purchasing an additional 33,347 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

OppFi Company Profile

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.