OppFi (NYSE:OPFI) Sets New 1-Year High – Here’s What Happened

OppFi Inc. (NYSE:OPFI) hit a new 52-week high during trading on Saturday . The stock traded as high as $8.73 and last traded at $8.58, with a volume of 1465294 shares trading hands. The stock had previously closed at $8.08.

Analysts Set New Price Targets

Separately, Northland Securities raised 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 Price Performance

The stock has a market capitalization of $739.72 million, a P/E ratio of 53.63 and a beta of 1.45. The company’s 50-day simple moving average is $7.01 and its 200-day simple moving average is $5.22.

Insider Transactions at OppFi

In related news, Director David Vennettilli sold 100,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $6.45, for a total value of $645,000.00. Following the sale, the director now owns 143,825 shares in the company, valued at approximately $927,671.25. This represents a 41.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jocelyn Moore sold 23,149 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $6.70, for a total value of $155,098.30. Following the sale, the director now directly owns 99,072 shares of the company’s stock, valued at $663,782.40. This represents a 18.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 145,450 shares of company stock worth $971,370 in the last ninety days. Insiders own 84.00% of the company’s stock.

Institutional Trading of OppFi

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its position in OppFi by 28.9% during the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after acquiring an additional 5,795 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in OppFi during the 3rd quarter worth approximately $60,000. Geode Capital Management LLC boosted 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 period. Bank of New York Mellon Corp increased its position in OppFi by 120.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after buying an additional 20,048 shares during the period. Finally, Barclays PLC lifted its holdings in shares of OppFi by 95.9% during the third quarter. Barclays PLC now owns 42,141 shares of the company’s stock worth $199,000 after buying an additional 20,630 shares in 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.