OppFi (NYSE:OPFI) Cut to “Market Perform” at JMP Securities

OppFi (NYSE:OPFI) was downgraded by equities research analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a report issued on Wednesday,Briefing.com Automated Import reports.

Separately, 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.

OppFi Stock Performance

Shares of NYSE:OPFI opened at $15.00 on Wednesday. OppFi has a 52-week low of $2.35 and a 52-week high of $17.73. The firm has a market capitalization 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 200-day moving average price of $6.85.

Insider Activity at OppFi

In other OppFi news, 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 sale, the director now owns 121,524 shares in the company, valued at $933,304.32. This trade represents a 15.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 84.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OppFi

Hedge funds and other institutional investors have recently made changes to their positions in the company. Segall Bryant & Hamill LLC bought a new stake in OppFi during the third quarter valued at about $2,457,000. Globeflex Capital L P raised its stake in shares of OppFi by 191.8% in the fourth quarter. Globeflex Capital L P now owns 187,796 shares of the company’s stock worth $1,439,000 after purchasing an additional 123,438 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of OppFi in the third quarter worth about $355,000. Victory Capital Management Inc. purchased a new position in OppFi during the fourth quarter valued at approximately $282,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in OppFi during the fourth quarter valued at approximately $231,000. Institutional investors own 7.10% of the company’s stock.

OppFi Company Profile

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.