OppFi (NYSE:OPFI) Trading 6.3% Higher Following Analyst Upgrade

OppFi Inc. (NYSE:OPFI) traded up 6.3% 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. 54,185 shares were traded during mid-day trading, a decline of 82% from the average session volume of 304,531 shares. The stock had previously closed at $6.66.

Insiders Place Their Bets

In other news, Director Jocelyn Moore sold 23,149 shares of OppFi 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 transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Vennettilli sold 22,301 shares of the stock in a transaction 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 owns 121,524 shares of the company’s stock, valued at approximately $933,304.32. This 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 in the last ninety days. 84.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC purchased a new stake in shares of OppFi during the 3rd quarter worth $2,457,000. Vanguard Group Inc. increased its stake in shares of OppFi by 0.6% during the 1st 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. Brendel Financial Advisors LLC purchased a new stake in shares of OppFi during the 3rd quarter worth about $105,000. Marshall Wace LLP raised its stake in shares of 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 during the period. Finally, Bank of New York Mellon Corp increased its stake 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. 7.10% of the stock is currently owned by institutional investors and hedge funds.

OppFi Trading Up 5.1 %

The business’s 50-day simple moving average is $6.16 and its two-hundred day simple moving average is $4.72. The company has a market capitalization of $603.47 million, a PE ratio of 41.63 and a beta of 1.45.

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.