OppFi (NYSE:OPFI) Price Target Raised to $8.00 at Northland Securities

OppFi (NYSE:OPFI) had its target price raised by Northland Securities from $6.00 to $8.00 in a report released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

OppFi Stock Performance

Shares of NYSE OPFI opened at $6.83 on Friday. The stock has a market cap of $589.11 million, a P/E ratio of 42.69 and a beta of 1.20. OppFi has a 52-week low of $2.35 and a 52-week high of $7.09. The firm has a 50 day moving average price of $4.86 and a 200 day moving average price of $4.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of OppFi by 0.6% in the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after buying an additional 5,218 shares during the period. Acadian Asset Management LLC acquired a new position in shares of OppFi in the first quarter valued at approximately $51,000. Brendel Financial Advisors LLC acquired a new position in shares of OppFi in the third quarter valued at approximately $105,000. Bank of New York Mellon Corp lifted its position in shares of OppFi by 120.5% in the second quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after purchasing an additional 20,048 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of OppFi by 24.2% in the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after purchasing an additional 33,347 shares in 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.