OppFi Inc. (NYSE:OPFI - Get Free Report) shares gapped down prior to trading 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 trading hands.
Wall Street Analyst Weigh In
Several research firms recently issued reports on OPFI. Northland Securities upped their price target on shares of OppFi from $8.00 to $10.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Citizens Jmp cut shares of OppFi from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Finally, JMP Securities cut shares of OppFi from an "outperform" rating to a "market perform" rating in a report on Wednesday.
Check Out Our Latest Stock Report on OPFI
OppFi Stock Up 0.4 %
The firm's 50-day moving average price is $10.38 and its 200 day moving average price is $7.01. The firm has a market cap of $1.13 billion, a P/E ratio of 81.79 and a beta of 1.57.
Insider Transactions at OppFi
In related news, Director David Vennettilli sold 22,301 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $7.68, for a total value of $171,271.68. Following the completion of the transaction, the director now owns 121,524 shares in the company, valued at $933,304.32. This represents a 15.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 84.00% of the company's stock.
Hedge Funds Weigh In On OppFi
Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in OppFi by 271.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock valued at $173,000 after buying an additional 26,742 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in OppFi in the 3rd quarter valued at about $2,457,000. Barclays PLC grew its position in OppFi by 95.9% in the 3rd quarter. Barclays PLC now owns 42,141 shares of the company's stock valued at $199,000 after buying an additional 20,630 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in OppFi in the 4th quarter valued at about $195,000. Finally, Geode Capital Management LLC grew its position in OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company's stock valued at $1,897,000 after buying an additional 18,149 shares in the last quarter. Institutional investors own 7.10% of the company's stock.
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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