OppFi (NYSE:OPFI) Reaches New 1-Year High - Still a Buy?

OppFi Inc. (NYSE:OPFI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $14.41 and last traded at $13.81, with a volume of 3269803 shares changing hands. The stock had previously closed at $12.49.

Analyst Ratings Changes

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

OppFi Price Performance

The stock has a market capitalization of $1.18 billion, a P/E ratio of 85.78 and a beta of 1.45. The firm has a 50-day simple moving average of $8.97 and a 200 day simple moving average of $6.26.

OppFi (NYSE:OPFI - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.33 earnings per share 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 period in the previous year, the firm posted $0.16 EPS. Sell-side analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Activity at OppFi

In other news, 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 sale, the director now owns 99,072 shares in the company, valued at $663,782.40. This represents a 18.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Vennettilli sold 22,301 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $7.68, for a total transaction of $171,271.68. Following the transaction, the director now directly owns 121,524 shares in the company, valued at $933,304.32. The trade was a 15.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 145,450 shares of company stock worth $971,370 over the last quarter. Company insiders own 84.00% of the company's stock.

Institutional Investors Weigh In On OppFi

A number of hedge funds have recently made changes to their positions in OPFI. Segall Bryant & Hamill LLC bought a new position in shares of OppFi during the 3rd quarter worth $2,457,000. Geode Capital Management LLC increased its position in shares of OppFi by 4.7% in the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company's stock worth $1,897,000 after purchasing an additional 18,149 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of OppFi by 24.2% in the 2nd quarter. Marshall Wace LLP now owns 171,318 shares of the company's stock worth $581,000 after buying an additional 33,347 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in OppFi during the third quarter worth about $355,000. Finally, Barclays PLC raised its stake in shares of OppFi by 95.9% during the third quarter. Barclays PLC now owns 42,141 shares of the company's stock worth $199,000 after acquiring an additional 20,630 shares in the last quarter. 7.10% of the stock is currently owned by 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.