OppFi Inc. (NYSE:OPFI - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $15.42, but opened at $14.92. OppFi shares last traded at $15.40, with a volume of 757,602 shares changing hands.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on OPFI shares. JMP Securities cut OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Northland Securities boosted their price target on OppFi from $8.00 to $10.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Citizens Jmp cut OppFi from a "strong-buy" rating to a "hold" rating in a research note on Wednesday.
View Our Latest Analysis on OppFi
OppFi Stock Up 0.4 %
The stock has a market cap of $1.13 billion, a P/E ratio of 81.79 and a beta of 1.57. The business has a 50-day simple moving average of $10.38 and a 200-day simple moving average of $7.01.
Insiders Place Their Bets
In other news, Director David Vennettilli sold 22,301 shares of the company's stock in a transaction that occurred 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 in the company, valued at $933,304.32. The trade was a 15.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 84.00% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Quadrature Capital Ltd acquired a new position in shares of OppFi in the third quarter valued at $60,000. Mariner LLC acquired a new position in shares of OppFi in the fourth quarter valued at $93,000. MetLife Investment Management LLC acquired a new position in shares of OppFi in the fourth quarter valued at $98,000. Jane Street Group LLC raised its stake in shares of OppFi by 28.9% in the third quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock valued at $122,000 after purchasing an additional 5,795 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of OppFi in the third quarter valued at $136,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.
OppFi Company Profile
(
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.
Further Reading
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