OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz Purchases 6,900 Shares

OppFi Inc. (NYSE:OPFIGet Rating) Director Theodore G. Schwartz purchased 6,900 shares of the stock in a transaction dated Friday, November 18th. The stock was purchased at an average price of $2.43 per share, for a total transaction of $16,767.00. Following the completion of the acquisition, the director now directly owns 374,057 shares in the company, valued at approximately $908,958.51. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

OppFi Trading Down 1.7 %

Shares of NYSE OPFI opened at $2.37 on Tuesday. OppFi Inc. has a 12 month low of $1.87 and a 12 month high of $6.68. The company has a 50 day simple moving average of $2.26 and a two-hundred day simple moving average of $2.80. The stock has a market cap of $259.72 million, a price-to-earnings ratio of 2.42 and a beta of 0.40.

Hedge Funds Weigh In On OppFi

Several institutional investors have recently made changes to their positions in OPFI. Sawgrass Asset Management LLC purchased a new position in shares of OppFi during the 3rd quarter valued at approximately $27,000. JPMorgan Chase & Co. grew its holdings in shares of OppFi by 479.7% during the second quarter. JPMorgan Chase & Co. now owns 8,696 shares of the company’s stock worth $29,000 after buying an additional 7,196 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of OppFi during the third quarter worth $30,000. Knightsbridge Asset Management LLC purchased a new stake in shares of OppFi during the second quarter worth $43,000. Finally, Virtu Financial LLC purchased a new stake in shares of OppFi during the first quarter worth $43,000. 3.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OPFI has been the topic of a number of recent analyst reports. DA Davidson cut shares of OppFi from a “buy” rating to a “neutral” rating and lowered their price target for the company from $6.00 to $3.00 in a report on Thursday, August 11th. Needham & Company LLC lowered their target price on shares of OppFi from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, November 11th. Finally, JMP Securities lowered their target price on shares of OppFi from $4.50 to $3.00 and set a “market outperform” rating for the company in a research note on Friday, November 11th.

About OppFi

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OppFi Inc operates a financial technology platform that allows banks to offer lending products. Its platform facilitates the OppLoan, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. The company is based in Chicago, Illinois.

Further Reading

Insider Buying and Selling by Quarter for OppFi (NYSE:OPFI)

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