OppFi (NYSE:OPFI) Trading 10.8% Higher – Still a Buy?

OppFi Inc. (NYSE:OPFI)’s stock price traded up 10.8% during trading on Tuesday . The company traded as high as $10.89 and last traded at $10.79. 767,697 shares traded hands during trading, a decline of 66% from the average session volume of 2,241,995 shares. The stock had previously closed at $9.74.

Analyst Upgrades and Downgrades

Separately, Northland Securities boosted their target price on shares of OppFi from $8.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th.

OppFi Stock Performance

The stock has a 50-day simple moving average of $7.64 and a 200 day simple moving average of $5.53. The stock has a market capitalization of $972.88 million, a P/E ratio of 70.54 and a beta of 1.45.

Insider Activity at OppFi

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

Institutional Investors Weigh In On OppFi

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC acquired a new position in shares of OppFi during the 3rd quarter worth about $2,457,000. Geode Capital Management LLC boosted its stake in OppFi by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after acquiring an additional 18,149 shares during the last quarter. Marshall Wace LLP grew its holdings in OppFi by 24.2% during the second 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 period. Los Angeles Capital Management LLC bought a new stake in OppFi in the third quarter valued at approximately $355,000. Finally, Barclays PLC raised its holdings in 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 period. 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.