OppFi (NYSE:OPFI - Free Report) had its target price upped by Northland Securities from $6.00 to $8.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the stock.
OppFi Price Performance
NYSE OPFI traded down $0.12 on Friday, hitting $6.50. The stock had a trading volume of 708,610 shares, compared to its average volume of 287,749. The business's fifty day moving average price is $4.81 and its 200 day moving average price is $3.99. The stock has a market cap of $560.63 million, a price-to-earnings ratio of 81.20 and a beta of 1.20. OppFi has a 52-week low of $2.30 and a 52-week high of $6.87.
OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.12. The business had revenue of $126.30 million during the quarter, compared to the consensus estimate of $121.14 million. OppFi had a return on equity of 28.73% and a net margin of 1.00%. During the same quarter last year, the company earned $0.19 earnings per share. As a group, sell-side analysts anticipate that OppFi will post 0.74 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of OPFI. Segall Bryant & Hamill LLC acquired a new stake in shares of OppFi during the third quarter worth about $2,457,000. Los Angeles Capital Management LLC purchased a new stake in shares of OppFi in the 3rd quarter valued at $355,000. Brendel Financial Advisors LLC acquired a new stake in shares of OppFi in the third quarter worth $105,000. 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 purchasing an additional 33,347 shares during the last quarter. Finally, LB Partners LLC lifted its position in OppFi by 1.3% during the second quarter. LB Partners LLC now owns 920,970 shares of the company's stock valued at $3,122,000 after purchasing an additional 11,948 shares during the period. Institutional investors and hedge funds 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.
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