OppFi Inc. (NYSE:OPFI) Director Sells $564,134.40 in Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 58,764 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $9.60, for a total transaction of $564,134.40. Following the sale, the director now directly owns 186,737 shares of the company’s stock, valued at approximately $1,792,675.20. This trade represents a 23.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

OppFi Stock Up 12.1 %

OPFI stock opened at $10.95 on Tuesday. OppFi Inc. has a 52 week low of $2.35 and a 52 week high of $17.73. The firm has a market capitalization of $943.61 million, a P/E ratio of 68.41 and a beta of 1.63. The company has a fifty day simple moving average of $11.70 and a two-hundred day simple moving average of $8.13.

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

Institutional Trading of OppFi

A number of institutional investors have recently bought and sold shares of OPFI. Quadrature Capital Ltd purchased a new stake in shares of OppFi in the third quarter valued at $60,000. Jane Street Group LLC raised its position in OppFi by 28.9% in the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after purchasing an additional 5,795 shares during the period. XTX Topco Ltd bought a new stake in OppFi in the third quarter worth about $136,000. Barclays PLC boosted its position in shares of OppFi by 95.9% during the third quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after buying an additional 20,630 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of OppFi by 4.7% during the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after buying an additional 18,149 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.