OppFi (NYSE:OPFI) Hits New 1-Year High - What's Next?

OppFi Inc. (NYSE:OPFI - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $12.25 and last traded at $11.92, with a volume of 2398654 shares traded. The stock had previously closed at $11.02.

Analyst Upgrades and Downgrades

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 report on Friday, December 13th.

OppFi Stock Down 0.7 %

The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 74.00 and a beta of 1.45. The company's 50 day moving average is $8.10 and its 200 day moving average is $5.80.

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

Insider Activity

In other news, Director Jocelyn Moore sold 23,149 shares of OppFi stock in a transaction on Monday, November 11th. The stock was sold at an average price of $6.70, for a total value of $155,098.30. Following the transaction, the director now owns 99,072 shares in the company, valued at approximately $663,782.40. This trade represents a 18.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Vennettilli sold 22,301 shares of the business's stock in a transaction on Monday, December 2nd. The stock was 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 of the company's stock, valued at $933,304.32. This trade represents a 15.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 145,450 shares of company stock worth $971,370. 84.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new stake in shares of OppFi during the 3rd quarter valued at approximately $60,000. Brendel Financial Advisors LLC bought a new position in shares of OppFi in the 3rd quarter valued at $105,000. Jane Street Group LLC boosted its holdings in shares of OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock valued at $122,000 after acquiring an additional 5,795 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of OppFi by 120.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company's stock valued at $124,000 after acquiring an additional 20,048 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in OppFi during the 3rd quarter worth $136,000. Institutional investors 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.