OppFi (NYSE:OPFI) Cut to “Hold” at Zacks Research

Zacks Research cut shares of OppFi (NYSE:OPFI) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of OppFi in a report on Monday. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.63.

OppFi Stock Performance

NYSE:OPFI opened at $10.46 on Monday. OppFi has a 1 year low of $6.81 and a 1 year high of $17.73. The stock has a market cap of $903.33 million, a P/E ratio of -13.95 and a beta of 1.69. The stock has a 50-day simple moving average of $10.17 and a 200-day simple moving average of $10.91.

OppFi (NYSE:OPFI) last posted its earnings results on Wednesday, October 29th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.15. The firm had revenue of $155.09 million during the quarter, compared to analysts’ expectations of $153.42 million. OppFi had a return on equity of 55.59% and a net margin of 0.68%.OppFi has set its FY 2025 guidance at 1.540-1.600 EPS. On average, equities research analysts predict that OppFi will post 0.86 EPS for the current year.

Insiders Place Their Bets

In other OppFi news, Director Jocelyn Moore sold 4,464 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $10.91, for a total transaction of $48,702.24. Following the transaction, the director directly owned 47,266 shares of the company’s stock, valued at approximately $515,672.06. This trade represents a 8.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 6,700 shares of company stock worth $70,896. 72.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OppFi

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Financial Management Professionals Inc. purchased a new position in shares of OppFi in the 2nd quarter valued at about $25,000. Quarry LP acquired a new position in OppFi during the first quarter worth about $27,000. Accredited Wealth Management LLC purchased a new position in OppFi in the third quarter valued at about $49,000. Russell Investments Group Ltd. lifted its position in shares of OppFi by 217.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company’s stock valued at $65,000 after acquiring an additional 3,207 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in shares of OppFi by 56.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,384 shares of the company’s stock worth $75,000 after acquiring an additional 1,948 shares in the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

About OppFi

OppFi (NYSE: OPFI) is a financial technology company that provides digital lending and credit solutions designed to meet the needs of near-prime consumers in the United States. Through its technology-driven platform, OppFi offers unsecured installment loans under the OppLoans brand, allowing borrowers to access credit online or via mobile devices. The company leverages proprietary data analytics and machine learning models to assess credit risk, streamline underwriting processes and deliver personalized loan products with transparent terms.

Headquartered in Chicago, Illinois, OppFi was founded in 2013 with a mission to increase financial inclusion for underserved and underbanked populations.