OppFi (NYSE:OPFI) Reaches New 12-Month High - Still a Buy?

OppFi Inc. (NYSE:OPFI - Get Free Report) shares hit a new 52-week high during trading on Saturday . The company traded as high as $8.73 and last traded at $8.58, with a volume of 1465294 shares traded. The stock had previously closed at $8.08.

Analyst Ratings Changes

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

OppFi Stock Up 6.2 %

The business has a 50-day simple moving average of $7.01 and a two-hundred day simple moving average of $5.21. The stock has a market capitalization of $739.72 million, a price-to-earnings ratio of 53.63 and a beta of 1.45.

Insider Transactions at OppFi

In other OppFi news, Director David Vennettilli sold 100,000 shares of OppFi stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $6.45, for a total value of $645,000.00. Following the transaction, the director now owns 143,825 shares in the company, valued at approximately $927,671.25. The trade was a 41.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jocelyn Moore sold 23,149 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $6.70, for a total value of $155,098.30. Following the completion of the transaction, the director now directly owns 99,072 shares in the company, valued at $663,782.40. This represents a 18.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,450 shares of company stock valued at $971,370. Corporate insiders own 84.00% of the company's stock.

Hedge Funds Weigh In On OppFi

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in OppFi by 271.7% during the third quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock valued at $173,000 after buying an additional 26,742 shares in the last quarter. Barclays PLC raised its holdings in shares of OppFi by 95.9% during the third quarter. Barclays PLC now owns 42,141 shares of the company's stock valued at $199,000 after acquiring an additional 20,630 shares during the period. Geode Capital Management LLC lifted its position in shares of OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company's stock valued at $1,897,000 after acquiring an additional 18,149 shares in the last quarter. XTX Topco Ltd acquired a new position in OppFi in the 3rd quarter worth approximately $136,000. Finally, Jane Street Group LLC grew its position in OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock worth $122,000 after purchasing an additional 5,795 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company's stock.

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.