OppFi (NYSE:OPFI) Sets New 52-Week High – Should You Buy?

OppFi Inc. (NYSE:OPFI)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $7.20 and last traded at $7.20, with a volume of 2151 shares. The stock had previously closed at $7.14.

Analysts Set New Price Targets

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

OppFi Stock Down 2.7 %

The stock has a market cap of $566.66 million, a price-to-earnings ratio of 41.07 and a beta of 1.20. The stock’s 50 day moving average price is $5.00 and its two-hundred day moving average price is $4.10.

Insider Buying and Selling

In related news, Director Jocelyn Moore sold 23,149 shares of the 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 sale, the director now directly owns 99,072 shares of the company’s stock, valued at approximately $663,782.40. This represents a 18.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $645,000.00. Following the sale, the director now directly owns 143,825 shares in the company, valued at $927,671.25. This trade represents a 41.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 84.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OppFi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC purchased a new position in OppFi during the third quarter valued at $2,457,000. Los Angeles Capital Management LLC purchased a new position in OppFi during the third quarter valued at $355,000. Brendel Financial Advisors LLC purchased a new position in OppFi during the third quarter valued at $105,000. Marshall Wace LLP lifted 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 in the last quarter. Finally, LB Partners LLC lifted its holdings in OppFi by 1.3% during the second 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 in the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

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.