OppFi (NYSE:OPFI) Trading 11.2% Higher - Should You Buy?

OppFi Inc. (NYSE:OPFI - Get Free Report)'s stock price was up 11.2% on Tuesday . The company traded as high as $13.59 and last traded at $13.89. Approximately 610,159 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 2,399,724 shares. The stock had previously closed at $12.49.

Wall Street Analysts Forecast Growth

Separately, Northland Securities raised their target price on OppFi from $8.00 to $10.00 and gave the company an "outperform" rating in a research note on Friday, December 13th.

OppFi Trading Down 0.6 %

The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 85.78 and a beta of 1.45. The stock has a 50-day simple moving average of $8.97 and a 200-day simple moving average of $6.26.

OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.12. The firm had revenue of $136.59 million for the quarter, compared to the consensus estimate of $128.94 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. During the same period in the prior year, the firm posted $0.16 EPS. On average, research analysts forecast that OppFi Inc. will post 0.86 EPS for the current year.

Insider Activity at OppFi

In related news, Director Jocelyn Moore sold 23,149 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $6.70, for a total value of $155,098.30. Following the sale, the director now owns 99,072 shares of the company's stock, valued at approximately $663,782.40. This trade represents a 18.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Vennettilli sold 22,301 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $7.68, for a total value of $171,271.68. Following the completion of the sale, the director now directly owns 121,524 shares in the company, valued at $933,304.32. This represents a 15.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 145,450 shares of company stock valued at $971,370 over the last three months. 84.00% of the stock is owned by insiders.

Hedge Funds Weigh In On OppFi

Institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new position in OppFi during the 3rd quarter valued at about $2,457,000. Barclays PLC raised its stake in OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company's stock valued at $199,000 after acquiring an additional 20,630 shares in the last quarter. Geode Capital Management LLC boosted its position in OppFi by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company's stock worth $1,897,000 after acquiring an additional 18,149 shares during the period. Jane Street Group LLC increased its holdings in shares of OppFi by 28.9% during 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 during the period. Finally, Brendel Financial Advisors LLC bought a new stake in shares of OppFi during the third quarter valued at about $105,000. Institutional investors own 7.10% of the company's stock.

About OppFi

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.