Shares of OppFi Inc. (NYSE:OPFI - Get Free Report) fell 4.6% on Monday . The company traded as low as $15.76 and last traded at $16.17. 948,287 shares changed hands during trading, a decline of 61% from the average session volume of 2,408,321 shares. The stock had previously closed at $16.94.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on OPFI shares. Northland Securities lifted their target price on OppFi from $8.00 to $10.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. JMP Securities downgraded OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Finally, Citizens Jmp cut OppFi from a "strong-buy" rating to a "hold" rating in a research report on Wednesday.
Read Our Latest Analysis on OppFi
OppFi Trading Down 9.1 %
The company has a fifty day simple moving average of $10.27 and a 200-day simple moving average of $6.95. The company has a market capitalization of $1.12 billion, a PE ratio of 81.29 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 stock was sold at an average price of $7.68, for a total transaction of $171,271.68. Following the transaction, the director now owns 121,524 shares of the company's stock, valued at approximately $933,304.32. This represents a 15.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 84.00% of the company's stock.
Institutional Investors Weigh In On OppFi
Hedge funds have recently bought and sold shares of the stock. Mariner LLC purchased a new position in shares of OppFi in the 4th quarter valued at about $93,000. Quadrature Capital Ltd acquired a new stake in shares of OppFi in the 3rd quarter valued at approximately $60,000. NewEdge Advisors LLC raised its holdings in OppFi by 4.7% during the fourth quarter. NewEdge Advisors LLC now owns 18,328 shares of the company's stock worth $140,000 after purchasing an additional 831 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in OppFi during the fourth quarter worth $195,000. Finally, Jane Street Group LLC raised its holdings 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 worth $122,000 after acquiring an additional 5,795 shares during the last quarter. Institutional investors and hedge funds own 7.10% of the company's stock.
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.
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