OppFi Inc. (NYSE:OPFI - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $5.43 and last traded at $5.27, with a volume of 62011 shares changing hands. The stock had previously closed at $5.19.
OppFi Price Performance
The business has a 50-day simple moving average of $4.57 and a 200 day simple moving average of $3.75. The firm has a market cap of $598.57 million, a PE ratio of 89.83 and a beta of 1.23.
OppFi (NYSE:OPFI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.12. OppFi had a return on equity of 28.73% and a net margin of 1.00%. The company had revenue of $126.30 million during the quarter, compared to the consensus estimate of $121.14 million. During the same period in the previous year, the company posted $0.19 EPS. On average, equities analysts forecast that OppFi Inc. will post 0.74 earnings per share for the current fiscal year.
Insider Activity
In other news, Director David Vennettilli sold 38,886 shares of the business's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $4.34, for a total value of $168,765.24. Following the transaction, the director now directly owns 94,497 shares in the company, valued at $410,116.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 84.00% of the company's stock.
Institutional Investors Weigh In On OppFi
Institutional investors and hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd bought a new stake in shares of OppFi in the fourth quarter worth about $89,000. Acadian Asset Management LLC bought a new stake in OppFi in the 1st quarter worth approximately $51,000. Brendel Financial Advisors LLC purchased a new stake in shares of OppFi during the 3rd quarter worth approximately $105,000. Bank of New York Mellon Corp boosted its position in shares of OppFi by 120.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company's stock valued at $124,000 after acquiring an additional 20,048 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of OppFi in the fourth quarter valued at $202,000. Institutional investors own 7.10% of the company's stock.
OppFi Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider OppFi, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OppFi wasn't on the list.
While OppFi currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
