OppFi Inc. (NYSE:OPFI - Get Free Report) shares were up 6.1% on Friday . The stock traded as high as $17.73 and last traded at $17.36. Approximately 2,140,863 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 2,421,093 shares. The stock had previously closed at $16.36.
Wall Street Analyst Weigh In
Separately, Northland Securities lifted their target price on shares of OppFi from $8.00 to $10.00 and gave the stock an "outperform" rating in a report on Friday, December 13th.
Check Out Our Latest Analysis on OPFI
OppFi Stock Down 2.8 %
The company has a market cap of $1.29 billion, a P/E ratio of 93.72 and a beta of 1.57. The stock has a 50 day moving average price of $10.02 and a two-hundred day moving average price of $6.85.
Insider Buying and Selling at OppFi
In related news, Director David Vennettilli sold 22,301 shares of the business'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 value of $171,271.68. Following the completion of the sale, the director now directly owns 121,524 shares in the company, valued at approximately $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 SEC, which is accessible through this link. Insiders own 84.00% of the company's stock.
Hedge Funds Weigh In On OppFi
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OPFI. Quadrature Capital Ltd acquired a new stake in shares of OppFi during the 3rd quarter worth approximately $60,000. Jane Street Group LLC boosted its holdings in shares of OppFi by 28.9% in the 3rd 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. XTX Topco Ltd bought a new position in shares of OppFi in the 3rd quarter valued at $136,000. JPMorgan Chase & Co. raised its holdings in shares of OppFi by 271.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock worth $173,000 after buying an additional 26,742 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of OppFi during the 4th quarter worth $195,000. 7.10% of the stock is 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.
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