OppFi (NYSE:OPFI) Sees Strong Trading Volume – What’s Next?

OppFi Inc. (NYSE:OPFI) shares saw an uptick in trading volume on Tuesday . 329,323 shares were traded during trading, an increase of 12% from the previous session’s volume of 293,961 shares.The stock last traded at $7.99 and had previously closed at $7.85.

Analysts Set New Price Targets

Separately, Northland Securities upped their price objective on OppFi from $6.00 to $8.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

OppFi Trading Up 1.9 %

The stock has a 50 day moving average price of $5.42 and a two-hundred day moving average price of $4.34. The company has a market cap of $689.68 million, a price-to-earnings ratio of 49.13 and a beta of 1.20.

Insider Activity

In related news, Director David Vennettilli sold 100,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $6.45, for a total value of $645,000.00. Following the completion of the sale, the director now owns 143,825 shares in the company, valued at $927,671.25. This represents a 41.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jocelyn Moore sold 23,149 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $6.70, for a total value of $155,098.30. Following the transaction, the director now owns 99,072 shares of the company’s stock, valued at approximately $663,782.40. This trade represents a 18.94 % decrease in their position. The disclosure for this sale can be found here. 84.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On OppFi

A number of large investors have recently added to or reduced their stakes in OPFI. Vanguard Group Inc. boosted its stake in shares of OppFi by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock worth $2,060,000 after buying an additional 5,218 shares during the last quarter. Jane Street Group LLC lifted its stake in OppFi by 28.9% in the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after purchasing an additional 5,795 shares during the last quarter. LB Partners LLC lifted its stake in OppFi by 1.3% in the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company’s stock valued at $3,122,000 after purchasing an additional 11,948 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in OppFi in the 3rd quarter valued at about $60,000. Finally, 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 valued at $1,897,000 after purchasing an additional 18,149 shares during the last quarter. Institutional investors own 7.10% of the company’s stock.

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.