OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 79,762 shares of OppFi stock in a transaction that occurred 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 completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
OppFi Price Performance
OppFi stock traded down $0.14 during mid-day trading on Friday, reaching $9.78. 986,797 shares of the stock traded hands, compared to its average volume of 727,011. The business's 50-day moving average is $11.68 and its 200-day moving average is $8.05. OppFi Inc. has a 12-month low of $2.35 and a 12-month high of $17.73. The stock has a market capitalization of $842.74 million, a PE ratio of 61.10 and a beta of 1.63.
OppFi (NYSE:OPFI - Get Free Report) last released 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. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The business had revenue of $135.72 million during the quarter, compared to analyst estimates of $133.50 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. Equities analysts anticipate that OppFi Inc. will post 0.86 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Citizens Jmp cut OppFi from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Northland Securities set a $13.00 price objective on OppFi in a research note on Thursday, March 6th. Finally, JMP Securities cut OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th.
Read Our Latest Stock Analysis on OppFi
Hedge Funds Weigh In On OppFi
Hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC bought a new position in shares of OppFi in the fourth quarter worth about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of OppFi by 8.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock worth $83,000 after acquiring an additional 866 shares during the period. Mariner LLC bought a new position in shares of OppFi in the fourth quarter worth about $93,000. Quadrature Capital Ltd bought a new position in shares of OppFi in the third quarter worth about $60,000. Finally, MetLife Investment Management LLC bought a new position in shares of OppFi in the fourth quarter worth about $98,000. Institutional investors own 7.10% of the company's stock.
About OppFi
(
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.
Read More
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
