David Vennettilli Sells 30,762 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 30,762 shares of OppFi stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $9.09, for a total transaction of $279,626.58. Following the sale, the director now owns 90,762 shares in the company, valued at $825,026.58. This represents a 25.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

David Vennettilli also recently made the following trade(s):

• On Friday, March 7th, David Vennettilli sold 43,238 shares of OppFi stock. The stock was sold at an average price of $9.45, for a total value of $408,599.10.

OppFi Stock Performance

Shares of NYSE OPFI traded up $0.14 during midday trading on Wednesday, hitting $9.35. The company’s stock had a trading volume of 1,007,961 shares, compared to its average volume of 2,413,731. OppFi Inc. has a 1-year low of $2.35 and a 1-year high of $17.73. The firm’s fifty day moving average price is $11.47 and its 200-day moving average price is $7.81. The firm has a market cap of $805.67 million, a P/E ratio of 58.41 and a beta of 1.63.

OppFi (NYSE:OPFI) last issued its earnings results on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. The company had revenue of $135.72 million during the quarter, compared to the consensus estimate of $133.50 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same period in the previous year, the firm posted $0.10 earnings per share. As a group, research analysts predict that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on OPFI. Citizens Jmp cut shares of OppFi from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Northland Securities set a $13.00 price objective on OppFi in a report on Thursday, March 6th. Finally, JMP Securities downgraded OppFi from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th.

Institutional Investors Weigh In On OppFi

Several large investors have recently added to or reduced their stakes in OPFI. Ancora Advisors LLC bought a new position in shares of OppFi during the fourth quarter worth about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in OppFi by 8.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock valued at $83,000 after purchasing an additional 866 shares during the last quarter. Mariner LLC acquired a new position in OppFi during the 4th quarter valued at about $93,000. Quadrature Capital Ltd bought a new position in OppFi in the 3rd quarter worth about $60,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of OppFi in the fourth quarter valued at approximately $98,000. 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.