OppFi (NYSE:OPFI) Sets New 52-Week High - Should You Buy?

OppFi Inc. (NYSE:OPFI - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $11.96 and last traded at $11.92, with a volume of 4031106 shares changing hands. The stock had previously closed at $10.61.

Wall Street Analysts Forecast Growth

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

OppFi Trading Down 5.2 %

The company has a fifty day moving average price of $7.64 and a two-hundred day moving average price of $5.53. The firm has a market cap of $972.88 million, a P/E ratio of 70.54 and a beta of 1.45.

Insider Buying and Selling at OppFi

In related news, Director Jocelyn Moore sold 23,149 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $6.70, for a total transaction of $155,098.30. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Vennettilli sold 100,000 shares of the business's 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 completion of the sale, the director now owns 143,825 shares in the company, valued at $927,671.25. The trade was a 41.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,450 shares of company stock valued at $971,370. 84.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On OppFi

Several hedge funds have recently made changes to their positions in the business. Segall Bryant & Hamill LLC acquired a new position in OppFi during the third quarter worth $2,457,000. Los Angeles Capital Management LLC bought a new stake in OppFi during the 3rd quarter worth about $355,000. Marshall Wace LLP boosted its stake in shares of OppFi by 24.2% during 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. XTX Topco Ltd bought a new position in shares of OppFi in the 3rd quarter valued at about $136,000. Finally, JPMorgan Chase & Co. increased its position in shares of OppFi by 271.7% in the third 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 during the last quarter. 7.10% of the stock is owned by institutional investors.

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.