OppFi (NYSE:OPFI) Cut to “Market Perform” at JMP Securities

OppFi (NYSE:OPFI) was downgraded by equities research analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday,Briefing.com Automated Import reports.

Separately, Northland Securities increased their target price on 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

Shares of OPFI stock opened at $15.00 on Wednesday. The stock has a market cap of $1.29 billion, a PE ratio of 93.72 and a beta of 1.57. The stock has a 50-day moving average of $10.02 and a 200-day moving average of $6.85. OppFi has a one year low of $2.35 and a one year high of $17.73.

Insiders Place Their Bets

In other news, Director David Vennettilli sold 22,301 shares of OppFi stock in a transaction dated 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 directly owns 121,524 shares of the company’s stock, valued at approximately $933,304.32. This trade represents a 15.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 84.00% of the company’s stock.

Hedge Funds Weigh In On OppFi

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC purchased a new position in shares of OppFi during the third quarter valued at approximately $2,457,000. Globeflex Capital L P lifted its position in shares of OppFi by 191.8% during the 4th quarter. Globeflex Capital L P now owns 187,796 shares of the company’s stock valued at $1,439,000 after buying an additional 123,438 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of OppFi during the 3rd quarter valued at $355,000. Victory Capital Management Inc. bought a new stake in shares of OppFi during the 4th quarter valued at $282,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of OppFi during the 4th quarter valued at $231,000. 7.10% of the stock is 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.