OppFi (NYSE:OPFI) Trading 11.6% Higher – Time to Buy?

Shares of OppFi Inc. (NYSE:OPFI) rose 11.6% on Wednesday . The company traded as high as $8.38 and last traded at $8.06. Approximately 2,628,395 shares changed hands during trading, an increase of 64% from the average daily volume of 1,607,059 shares. The stock had previously closed at $7.22.

Wall Street Analysts Forecast Growth

Separately, Northland Securities raised their price target on OppFi from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, December 13th.

OppFi Trading Up 13.2 %

The stock has a market cap of $704.34 million, a PE ratio of 51.07 and a beta of 1.45. The business has a fifty day simple moving average of $7.09 and a two-hundred day simple moving average of $5.28.

Insider Buying and Selling

In other OppFi news, Director Jocelyn Moore sold 23,149 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $6.70, for a total transaction of $155,098.30. Following the transaction, the director now owns 99,072 shares in the company, valued at approximately $663,782.40. This represents a 18.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Vennettilli sold 22,301 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $7.68, for a total transaction of $171,271.68. Following the sale, the director now owns 121,524 shares of the company’s stock, valued at approximately $933,304.32. This represents a 15.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 145,450 shares of company stock worth $971,370 in the last 90 days. Insiders own 84.00% of the company’s stock.

Institutional Trading of OppFi

Several hedge funds have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC purchased a new position in shares of OppFi in the third quarter valued at about $2,457,000. Geode Capital Management LLC lifted its stake in OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after purchasing an additional 18,149 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of OppFi by 24.2% during the 2nd quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock valued at $581,000 after purchasing an additional 33,347 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of OppFi during the third quarter valued at about $355,000. Finally, Barclays PLC increased its holdings in shares of OppFi by 95.9% in the third quarter. Barclays PLC now owns 42,141 shares of the company’s stock worth $199,000 after purchasing an additional 20,630 shares during the last quarter. Institutional investors own 7.10% of the company’s stock.

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.