OppFi (NYSE:OPFI) Downgraded by JMP Securities to "Market Perform"

OppFi (NYSE:OPFI - Get Free Report) was downgraded by research analysts at JMP Securities from an "outperform" rating to a "market perform" rating in a research note issued on Wednesday, Marketbeat Ratings reports.

Separately, Northland Securities upped their target price on OppFi from $8.00 to $10.00 and gave the company an "outperform" rating in a research note on Friday, December 13th.

OppFi Price Performance

Shares of NYSE OPFI traded up $0.06 during trading hours on Wednesday, reaching $13.09. The stock had a trading volume of 1,668,550 shares, compared to its average volume of 2,474,170. The business's fifty day moving average is $10.38 and its two-hundred day moving average is $7.01. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 81.79 and a beta of 1.57. OppFi has a twelve month low of $2.35 and a twelve month high of $17.73.

Insiders Place Their Bets

In other OppFi news, Director David Vennettilli sold 22,301 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $7.68, for a total transaction of $171,271.68. Following the completion of the transaction, the director now directly owns 121,524 shares in the company, valued at $933,304.32. This represents a 15.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 84.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in OppFi by 52.6% during the fourth quarter. Renaissance Technologies LLC now owns 826,115 shares of the company's stock worth $6,328,000 after acquiring an additional 284,900 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of OppFi by 249.2% during the fourth quarter. Marshall Wace LLP now owns 617,366 shares of the company's stock worth $4,729,000 after purchasing an additional 440,582 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of OppFi during the third quarter worth $2,457,000. Geode Capital Management LLC grew its holdings in shares of OppFi by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 412,361 shares of the company's stock worth $3,160,000 after purchasing an additional 11,239 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its holdings in shares of OppFi by 310.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company's stock worth $2,117,000 after purchasing an additional 209,045 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.