OppFi Inc. (NYSE:OPFI) Given Consensus Recommendation of “Hold” by Analysts

OppFi Inc. (NYSE:OPFI) has been given a consensus rating of “Hold” by the five research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $13.6250.

Several equities research analysts have recently issued reports on OPFI shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of OppFi in a research report on Monday, December 29th. Zacks Research downgraded OppFi from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th.

OppFi Trading Up 1.4%

Shares of NYSE OPFI opened at $8.94 on Friday. The business’s fifty day simple moving average is $10.15 and its 200-day simple moving average is $10.25. The stock has a market cap of $771.63 million, a P/E ratio of -11.91 and a beta of 1.71. OppFi has a 12-month low of $7.54 and a 12-month high of $15.03.

Insider Activity at OppFi

In related news, Director Jocelyn Moore sold 4,464 shares of OppFi 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 sale, the director directly owned 47,266 shares in the company, valued at $515,672.06. This trade represents a 8.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 72.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On OppFi

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in OppFi by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,583,772 shares of the company’s stock valued at $17,944,000 after purchasing an additional 100,320 shares during the last quarter. Wellington Management Group LLP acquired a new position in OppFi in the third quarter valued at $9,559,000. JPMorgan Chase & Co. increased its stake in OppFi by 163.2% in the third quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company’s stock valued at $8,840,000 after purchasing an additional 483,859 shares during the period. Nuveen LLC raised its holdings in shares of OppFi by 53.8% in the fourth quarter. Nuveen LLC now owns 754,039 shares of the company’s stock valued at $7,887,000 after buying an additional 263,744 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of OppFi by 14.3% during the third quarter. Two Sigma Investments LP now owns 646,099 shares of the company’s stock worth $7,320,000 after buying an additional 80,804 shares during the period. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

OppFi Company Profile

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.