Citizens Jmp Downgrades OppFi (NYSE:OPFI) to Hold

OppFi (NYSE:OPFI) was downgraded by research analysts at Citizens Jmp from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also commented on OPFI. JMP Securities lowered OppFi from an “outperform” rating to a “market perform” rating in a report on Wednesday. Northland Securities raised their price target on shares of OppFi from $8.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th.

OppFi Price Performance

NYSE:OPFI opened at $13.01 on Wednesday. The business’s 50-day simple moving average is $10.27 and its 200-day simple moving average is $6.95. OppFi has a fifty-two week low of $2.35 and a fifty-two week high of $17.73. The stock has a market capitalization of $1.12 billion, a PE ratio of 81.29 and a beta of 1.57.

Insider Transactions at OppFi

In other OppFi news, Director David Vennettilli sold 22,301 shares of the 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 transaction, the director now owns 121,524 shares in the company, valued at $933,304.32. This represents a 15.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 84.00% of the company’s stock.

Institutional Trading of OppFi

Several large investors have recently modified their holdings of OPFI. Mariner LLC acquired a new position in OppFi during the 4th quarter valued at about $93,000. Quadrature Capital Ltd purchased a new stake in shares of OppFi during the third quarter valued at approximately $60,000. NewEdge Advisors LLC increased its position in shares of OppFi by 4.7% during the fourth quarter. NewEdge Advisors LLC now owns 18,328 shares of the company’s stock valued at $140,000 after acquiring an additional 831 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new position in OppFi in the fourth quarter worth $195,000. Finally, Jane Street Group LLC boosted its position in OppFi by 28.9% in the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after purchasing an additional 5,795 shares during the last quarter. Institutional investors and hedge funds 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.