OppFi (NYSE:OPFI) Stock Price Expected to Rise, Northland Securities Analyst Says

OppFi (NYSE:OPFI) had its price objective boosted by equities research analysts at Northland Securities from $8.00 to $10.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ target price points to a potential upside of 36.24% from the stock’s current price.

OppFi Stock Up 10.2 %

OppFi stock opened at $7.34 on Friday. The company has a fifty day simple moving average of $6.22 and a 200-day simple moving average of $4.75. The firm has a market capitalization of $632.81 million, a price-to-earnings ratio of 45.88 and a beta of 1.45. OppFi has a 52-week low of $2.35 and a 52-week high of $8.54.

Insiders Place Their Bets

In related news, Director Jocelyn Moore sold 23,149 shares of the company’s stock in a transaction dated 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 sale, the director now owns 99,072 shares of the company’s stock, valued at approximately $663,782.40. This represents a 18.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David Vennettilli sold 22,301 shares of the firm’s 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 owns 121,524 shares of the company’s stock, valued at approximately $933,304.32. The trade was a 15.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 145,450 shares of company stock valued at $971,370 in the last ninety days. 84.00% of the stock is currently owned by corporate insiders.

Institutional Trading of OppFi

Several hedge funds have recently made changes to their positions in the company. LB Partners LLC lifted its holdings in OppFi by 1.3% in the second quarter. LB Partners LLC now owns 920,970 shares of the company’s stock valued at $3,122,000 after acquiring an additional 11,948 shares during the last quarter. Vanguard Group Inc. raised its position in 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 purchasing an additional 5,218 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of OppFi in the 3rd quarter valued at $2,457,000. Geode Capital Management LLC grew its holdings in shares of OppFi by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after purchasing an additional 18,149 shares during the period. Finally, Marshall Wace LLP increased its position in shares of OppFi by 24.2% during the 2nd quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after purchasing an additional 33,347 shares during the last quarter. Hedge funds and other institutional investors own 7.10% of the company’s stock.

OppFi Company Profile

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.