OppFi Inc. (NYSE:OPFI - Get Free Report) shares fell 9% during mid-day trading on Monday . The company traded as low as $10.18 and last traded at $10.27. 1,222,168 shares were traded during mid-day trading, a decline of 52% from the average session volume of 2,532,489 shares. The stock had previously closed at $11.29.
Analyst Ratings Changes
Several analysts recently issued reports on OPFI shares. Northland Securities lifted their price target on shares of OppFi from $8.00 to $10.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. JMP Securities cut shares of OppFi from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Finally, Citizens Jmp downgraded shares of OppFi from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th.
View Our Latest Research Report on OPFI
OppFi Price Performance
The stock has a market capitalization of $907.83 million, a PE ratio of 65.84 and a beta of 1.56. The business's fifty day moving average price is $11.07 and its 200-day moving average price is $7.46.
Insider Buying and Selling
In related news, Director David Vennettilli sold 22,301 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $7.68, for a total value of $171,271.68. Following the transaction, the director now directly owns 121,524 shares in the company, valued at approximately $933,304.32. This represents a 15.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 84.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On OppFi
Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in OppFi by 271.7% in the third quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock worth $173,000 after acquiring an additional 26,742 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of OppFi in the 3rd quarter worth about $2,457,000. Barclays PLC boosted its holdings in shares of OppFi by 95.9% in the 3rd quarter. Barclays PLC now owns 42,141 shares of the company's stock worth $199,000 after purchasing an additional 20,630 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of OppFi during the 4th quarter valued at about $195,000. Finally, Geode Capital Management LLC raised its holdings in shares of OppFi by 4.7% during 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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