OppFi (NYSE:OPFI) Lowered to Market Perform Rating by JMP Securities

JMP Securities downgraded shares of OppFi (NYSE:OPFI) from an outperform rating to a market perform rating in a report published on Wednesday, MarketBeat reports.

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

OppFi Stock Down 4.3 %

NYSE OPFI opened at $14.35 on Wednesday. The firm has a 50-day moving average price of $10.16 and a two-hundred day moving average price of $6.90. OppFi has a 12-month low of $2.35 and a 12-month high of $17.73. The company has a market capitalization of $1.24 billion, a P/E ratio of 89.69 and a beta of 1.57.

Insider Buying and Selling

In other news, Director David Vennettilli sold 22,301 shares of the company’s stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 84.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC acquired a new stake in shares of OppFi in the 3rd quarter valued at $2,457,000. Globeflex Capital L P lifted its position in shares of OppFi by 191.8% during the 4th quarter. Globeflex Capital L P now owns 187,796 shares of the company’s stock worth $1,439,000 after buying an additional 123,438 shares during the last quarter. Trexquant Investment LP acquired a new stake in OppFi in the fourth quarter valued at about $904,000. JPMorgan Chase & Co. grew its position in OppFi by 272.6% in the fourth quarter. JPMorgan Chase & Co. now owns 136,308 shares of the company’s stock valued at $1,044,000 after acquiring an additional 99,723 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in OppFi during the third quarter worth about $355,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.

About OppFi

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.