FY2024 Earnings Estimate for OppFi Issued By Northland Capmk

OppFi Inc. (NYSE:OPFI) – Equities research analysts at Northland Capmk boosted their FY2024 earnings estimates for OppFi in a note issued to investors on Thursday, November 7th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings of $0.86 per share for the year, up from their prior forecast of $0.74. The consensus estimate for OppFi’s current full-year earnings is $0.86 per share. Northland Capmk also issued estimates for OppFi’s Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.16 EPS and FY2025 earnings at $0.86 EPS.

Separately, Northland Securities boosted their target price on OppFi from $6.00 to $8.00 and gave the stock an “outperform” rating in a research note on Friday.

OppFi Trading Up 5.1 %

Shares of OPFI opened at $6.83 on Monday. The firm has a market capitalization of $589.11 million, a price-to-earnings ratio of 42.69 and a beta of 1.20. The firm’s fifty day simple moving average is $4.86 and its 200-day simple moving average is $4.03. OppFi has a twelve month low of $2.35 and a twelve month high of $7.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. LB Partners LLC grew its position in OppFi by 1.3% during the second quarter. LB Partners LLC now owns 920,970 shares of the company’s stock worth $3,122,000 after buying an additional 11,948 shares during the period. Vanguard Group Inc. raised its holdings in OppFi by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after acquiring an additional 5,218 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of OppFi during the 3rd quarter worth $2,457,000. Marshall Wace LLP boosted its holdings in shares of OppFi by 24.2% during the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after purchasing an additional 33,347 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of OppFi in the third quarter valued at $355,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

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.