OppFi (NYSE:OPFI) Price Target Raised to $10.00

OppFi (NYSE:OPFI) had its price target hoisted by Northland Securities from $8.00 to $10.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

OppFi Stock Performance

OPFI stock opened at $7.34 on Friday. The business has a 50-day simple moving average of $6.22 and a two-hundred day simple moving average of $4.76. The company has a market capitalization of $632.81 million, a P/E ratio of 45.88 and a beta of 1.45. OppFi has a 52-week low of $2.35 and a 52-week high of $8.54.

Insider Activity at OppFi

In other news, Director Jocelyn Moore sold 23,149 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $6.70, for a total value of $155,098.30. Following the completion of the transaction, the director now directly owns 99,072 shares of the company’s stock, valued at $663,782.40. This represents a 18.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David Vennettilli sold 22,301 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $7.68, for a total value of $171,271.68. Following the sale, the director now directly owns 121,524 shares of the company’s stock, valued at $933,304.32. The trade was a 15.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 145,450 shares of company stock valued at $971,370. 84.00% of the stock is owned by insiders.

Institutional Investors Weigh In On OppFi

A number of hedge funds have recently made changes to their positions in OPFI. Quadrature Capital Ltd bought a new position in OppFi during the third quarter valued at $60,000. Brendel Financial Advisors LLC bought a new position in shares of OppFi during the 3rd quarter worth $105,000. Jane Street Group LLC increased its holdings 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 acquiring an additional 5,795 shares during the last quarter. XTX Topco Ltd bought a new stake in OppFi in the 3rd quarter valued at about $136,000. Finally, Bank of New York Mellon Corp boosted its position in OppFi by 120.5% during the second quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after purchasing an additional 20,048 shares during the period. 7.10% of the stock is currently owned by institutional investors.

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.