OppFi (NYSE:OPFI) Stock Price Up 6.3% After Analyst Upgrade

OppFi Inc. (NYSE:OPFI)’s stock price rose 6.3% during mid-day trading on Friday after Northland Securities raised their price target on the stock from $8.00 to $10.00. Northland Securities currently has an outperform rating on the stock. OppFi traded as high as $7.29 and last traded at $7.08. Approximately 54,185 shares traded hands during trading, a decline of 82% from the average daily volume of 304,531 shares. The stock had previously closed at $6.66.

Insider Buying and Selling at OppFi

In other OppFi news, Director Jocelyn Moore sold 23,149 shares of OppFi stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $6.70, for a total transaction of $155,098.30. Following the completion of the transaction, the director now owns 99,072 shares of the company’s stock, valued at $663,782.40. The trade was a 18.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Vennettilli sold 22,301 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $7.68, for a total transaction of $171,271.68. Following the sale, the director now directly owns 121,524 shares in the company, valued at $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 three months. 84.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OPFI. Vanguard Group Inc. grew its position in OppFi by 0.6% during the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after acquiring an additional 5,218 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of OppFi by 28.9% during the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after acquiring an additional 5,795 shares in the last quarter. LB Partners LLC lifted its position in shares of OppFi by 1.3% in the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company’s stock worth $3,122,000 after purchasing an additional 11,948 shares during the period. Quadrature Capital Ltd bought a new stake in OppFi during the 3rd quarter valued at approximately $60,000. Finally, Geode Capital Management LLC lifted its stake in shares of 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 period. 7.10% of the stock is currently owned by institutional investors.

OppFi Price Performance

The company has a market capitalization of $632.78 million, a PE ratio of 45.88 and a beta of 1.45. The company has a 50 day moving average of $6.22 and a two-hundred day moving average of $4.74.

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.