OppFi (NYSE:OPFI) Trading Down 6% Following Insider Selling
by Jessica Moore · The Cerbat GemOppFi Inc. (NYSE:OPFI – Get Free Report) shares traded down 6% on Tuesday after an insider sold shares in the company. The stock traded as low as $7.32 and last traded at $7.3150. Approximately 169,627 shares traded hands during trading, a decline of 75% from the average session volume of 667,768 shares. The stock had previously closed at $7.78.
Specifically, CFO Pamela Johnson sold 8,650 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $8.02, for a total transaction of $69,373.00. Following the completion of the transaction, the chief financial officer owned 151,039 shares in the company, valued at $1,211,332.78. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Analyst Ratings Changes
Several research analysts have issued reports on OPFI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of OppFi in a research note on Friday, August 7th. Stephens cut their price target on shares of OppFi from $11.00 to $9.50 and set an “equal weight” rating for the company in a report on Tuesday, August 11th. Piper Sandler cut shares of OppFi to a “neutral” rating in a research note on Wednesday, August 26th. Citigroup reaffirmed a “market outperform” rating on shares of OppFi in a report on Tuesday, August 11th. Finally, UBS Group set a $11.00 target price on OppFi in a report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.50.
View Our Latest Stock Analysis on OppFi
OppFi Stock Performance
The stock has a market cap of $599.62 million, a price-to-earnings ratio of 3.72 and a beta of 1.76. The firm’s 50-day simple moving average is $8.21 and its two-hundred day simple moving average is $8.48.
OppFi (NYSE:OPFI – Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.11). OppFi had a return on equity of 30.89% and a net margin of 16.64%.The company had revenue of $86.17 million for the quarter, compared to analyst estimates of $155.89 million. OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. Equities research analysts expect that OppFi Inc. will post 1.4 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in shares of OppFi by 14.8% in the 2nd quarter. Wellington Management Group LLP now owns 3,019,250 shares of the company’s stock valued at $29,981,000 after buying an additional 389,082 shares during the period. Renaissance Technologies LLC boosted its holdings in OppFi by 2.3% in the first quarter. Renaissance Technologies LLC now owns 630,308 shares of the company’s stock valued at $4,860,000 after acquiring an additional 14,100 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in OppFi by 50.0% in the first quarter. Dimensional Fund Advisors LP now owns 426,089 shares of the company’s stock valued at $3,285,000 after acquiring an additional 141,949 shares during the last quarter. Globeflex Capital L P acquired a new stake in OppFi in the second quarter worth about $3,240,000. Finally, PL Capital Advisors LLC bought a new stake in OppFi during the 2nd quarter worth about $2,979,000. Institutional investors and hedge funds own 7.10% of the company’s stock.
OppFi Company Profile
OppFi Inc (NYSE: OPFI) is a financial technology company that provides access to credit for consumers who may have limited or impaired credit histories. Through its OppLoans platform, the company offers unsecured personal installment loans designed to help customers manage expenses, consolidate debt, or address other short-term financial needs.
OppFi uses technology, data analysis, and automated underwriting to evaluate applicants and facilitate loan applications through digital channels.