OppFi Inc. (NYSE:OPFI) Director Sells $279,626.58 in Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 30,762 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total transaction of $279,626.58. Following the completion of the transaction, the director now owns 90,762 shares in the company, valued at $825,026.58. This trade represents a 25.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

David Vennettilli also recently made the following trade(s):

• On Friday, March 7th, David Vennettilli sold 43,238 shares of OppFi stock. The stock was sold at an average price of $9.45, for a total transaction of $408,599.10.

OppFi Stock Up 4.0 %

Shares of NYSE OPFI opened at $9.24 on Friday. OppFi Inc. has a 12-month low of $2.35 and a 12-month high of $17.73. The firm has a market cap of $796.19 million, a PE ratio of 57.72 and a beta of 1.63. The company’s fifty day simple moving average is $11.52 and its 200 day simple moving average is $7.83.

OppFi (NYSE:OPFI) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The company had revenue of $135.72 million for the quarter, compared to analysts’ expectations of $133.50 million. During the same quarter in the prior year, the firm earned $0.10 EPS. On average, equities analysts predict that OppFi Inc. will post 0.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on OPFI. Citizens Jmp downgraded OppFi from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Northland Securities set a $13.00 target price on OppFi in a research note on Thursday, March 6th. Finally, JMP Securities downgraded OppFi from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th.

Institutional Investors Weigh In On OppFi

A number of hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in shares of OppFi during the third quarter worth approximately $60,000. Ancora Advisors LLC bought a new stake in OppFi during the 4th quarter valued at $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in OppFi by 8.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock worth $83,000 after buying an additional 866 shares during the last quarter. Mariner LLC bought a new position in shares of OppFi in the fourth quarter valued at $93,000. Finally, MetLife Investment Management LLC acquired a new position in shares of OppFi during the fourth quarter valued at about $98,000. Institutional investors and hedge funds 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.