OppFi (NYSE:OPFI) Sees Strong Trading Volume – Here’s Why

OppFi Inc. (NYSE:OPFI) shares saw an uptick in trading volume on Thursday . 365,787 shares were traded during trading, an increase of 16% from the previous session’s volume of 315,897 shares.The stock last traded at $8.38 and had previously closed at $7.66.

Analysts Set New Price Targets

Separately, Northland Securities lifted their price target on shares of OppFi from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, December 13th.

OppFi Stock Up 9.0 %

The stock has a fifty day moving average of $6.88 and a 200-day moving average of $5.14. The firm has a market capitalization of $719.89 million, a P/E ratio of 52.19 and a beta of 1.45.

Insider Activity at OppFi

In related news, Director Jocelyn Moore sold 23,149 shares of the company’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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Vennettilli sold 22,301 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $7.68, for a total value of $171,271.68. Following the completion of the sale, the director now owns 121,524 shares in the company, valued at approximately $933,304.32. This trade represents a 15.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 145,450 shares of company stock worth $971,370 over the last 90 days. Insiders own 84.00% of the company’s stock.

Institutional Trading of OppFi

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in OppFi by 271.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock valued at $173,000 after buying an additional 26,742 shares during the last quarter. Barclays PLC lifted its stake in OppFi by 95.9% in the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after purchasing an additional 20,630 shares during the last quarter. Geode Capital Management LLC increased its position in OppFi by 4.7% during the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after buying an additional 18,149 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of OppFi in the third quarter valued at approximately $136,000. Finally, Jane Street Group LLC lifted its position in shares of OppFi by 28.9% in the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after buying an additional 5,795 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

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.