OppFi Inc. (NYSE:OPFI - Get Free Report)'s stock price fell 10% during trading on Tuesday . The company traded as low as $12.36 and last traded at $11.80. 628,991 shares were traded during mid-day trading, a decline of 75% from the average session volume of 2,547,869 shares. The stock had previously closed at $13.11.
Wall Street Analyst Weigh In
OPFI has been the topic of several research analyst reports. Citizens Jmp downgraded shares of OppFi from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. 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 note on Friday, December 13th. Finally, JMP Securities downgraded shares of OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th.
View Our Latest Stock Report on OppFi
OppFi Price Performance
The stock's 50 day simple moving average is $10.88 and its two-hundred day simple moving average is $7.30. The stock has a market cap of $973.74 million, a price-to-earnings ratio of 70.60 and a beta of 1.57.
Insiders Place Their Bets
In other OppFi news, Director David Vennettilli sold 22,301 shares of OppFi stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $7.68, for a total transaction of $171,271.68. Following the completion of the transaction, the director now directly owns 121,524 shares of the company's stock, valued at approximately $933,304.32. This trade represents a 15.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 84.00% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ancora Advisors LLC bought a new position in shares of OppFi during the fourth quarter valued at $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of OppFi by 8.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock valued at $83,000 after acquiring an additional 866 shares during the period. Mariner LLC bought a new position in shares of OppFi during the fourth quarter valued at $93,000. Quadrature Capital Ltd bought a new position in shares of OppFi in the third quarter valued at about $60,000. Finally, MetLife Investment Management LLC bought a new position in shares of OppFi in the fourth quarter valued at about $98,000. 7.10% of the stock is owned by institutional investors.
About OppFi
(
Get Free Report)
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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