OppFi (NYSE:OPFI) Sets New 1-Year High – What’s Next?

OppFi Inc. (NYSE:OPFI) hit a new 52-week high on Thursday . The company traded as high as $11.96 and last traded at $11.92, with a volume of 4031106 shares. The stock had previously closed at $10.61.

Analyst Upgrades and Downgrades

Separately, Northland Securities increased their price target on OppFi from $8.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th.

OppFi Trading Up 12.3 %

The business’s fifty day simple moving average is $7.51 and its 200-day simple moving average is $5.48. The firm has a market cap of $1.03 billion, a P/E ratio of 74.50 and a beta of 1.45.

Insider Activity

In other news, Director David Vennettilli sold 100,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $6.45, for a total value of $645,000.00. Following the completion of the transaction, the director now owns 143,825 shares of the company’s stock, valued at $927,671.25. This represents a 41.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jocelyn Moore sold 23,149 shares of the stock in a transaction that occurred 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 approximately $663,782.40. The trade was a 18.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 145,450 shares of company stock worth $971,370 over the last three months. 84.00% of the stock is currently owned by corporate insiders.

Institutional Trading of OppFi

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC acquired a new position in shares of OppFi in the 3rd quarter valued at $2,457,000. Los Angeles Capital Management LLC purchased a new stake in shares of OppFi in the third quarter valued at approximately $355,000. Marshall Wace LLP lifted its holdings in 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 in the last quarter. XTX Topco Ltd acquired a new position in shares of OppFi during the third quarter valued at approximately $136,000. Finally, JPMorgan Chase & Co. lifted its holdings 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 purchasing an additional 26,742 shares in the last quarter. Institutional investors own 7.10% of the company’s stock.

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.