OppFi (NYSE:OPFI) Reaches New 12-Month High - Should You Buy?

Shares of OppFi Inc. (NYSE:OPFI - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $14.85 and last traded at $14.65, with a volume of 739287 shares. The stock had previously closed at $13.77.

Wall Street Analyst Weigh In

Separately, Northland Securities lifted their price objective on shares of OppFi from $8.00 to $10.00 and gave the company an "outperform" rating in a research report on Friday, December 13th.

OppFi Price Performance

The stock has a 50-day moving average price of $9.72 and a two-hundred day moving average price of $6.68. The stock has a market cap of $1.46 billion, a PE ratio of 105.72 and a beta of 1.57.

OppFi (NYSE:OPFI - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.12. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The firm had revenue of $136.59 million during the quarter, compared to the consensus estimate of $128.94 million. During the same period in the prior year, the company earned $0.16 EPS. Equities research analysts expect that OppFi Inc. will post 0.86 earnings per share for the current year.

Insider Activity at OppFi

In other OppFi news, Director David Vennettilli sold 22,301 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $7.68, for a total value of $171,271.68. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jocelyn Moore sold 23,149 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $6.70, for a total transaction of $155,098.30. Following the transaction, the director now directly owns 99,072 shares in the company, valued at approximately $663,782.40. This trade represents a 18.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 84.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in shares of OppFi in the 3rd quarter valued at about $60,000. Jane Street Group LLC increased its holdings in OppFi by 28.9% during the third quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock valued at $122,000 after buying an additional 5,795 shares during the period. XTX Topco Ltd purchased a new stake in OppFi during the third quarter worth $136,000. JPMorgan Chase & Co. boosted its position in OppFi by 271.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock valued at $173,000 after acquiring an additional 26,742 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of OppFi in the 4th quarter valued at $195,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

About OppFi

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.