OppFi Inc. (NYSE:OPFI - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.20 and last traded at $7.20, with a volume of 2151 shares changing hands. The stock had previously closed at $7.14.
Wall Street Analyst Weigh In
Separately, Northland Securities increased their price target on OppFi from $6.00 to $8.00 and gave the company an "outperform" rating in a research note on Friday, November 8th.
View Our Latest Analysis on OPFI
OppFi Stock Performance
The firm has a market capitalization of $582.19 million, a P/E ratio of 43.25 and a beta of 1.20. The firm has a 50 day moving average price of $4.90 and a two-hundred day moving average price of $4.07.
Institutional Trading of OppFi
A number of hedge funds have recently modified their holdings of OPFI. Segall Bryant & Hamill LLC purchased a new stake in shares of OppFi in the third quarter valued at $2,457,000. Los Angeles Capital Management LLC purchased a new stake in shares of OppFi during the third quarter worth $355,000. Marshall Wace LLP raised its holdings in shares of OppFi by 24.2% during the second quarter. Marshall Wace LLP now owns 171,318 shares of the company's stock worth $581,000 after acquiring an additional 33,347 shares in the last quarter. Brendel Financial Advisors LLC purchased a new stake in shares of OppFi during the third quarter worth $105,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of OppFi during the first quarter worth $51,000. Hedge funds and other institutional investors own 7.10% of the company's stock.
About OppFi
(
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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.
Further Reading
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