Stocks

OppFi (NYSE:OPFI) Stock Price Up 10.8% - Still a Buy?

Published January 18, 2025

During the mid-day trading session on Tuesday, OppFi Inc. (NYSE:OPFI) saw its stock price rise by 10.8%. The stock reached a high of $10.89 and was last seen trading at $10.79. In total, 767,697 shares changed hands during this trading period, reflecting a significant decrease of 66% compared to the average volume of 2,241,995 shares. The previous closing price for the stock was $9.74.

Analyst Opinions

In a recent report on December 13th, Northland Securities raised their price target for OppFi from $8.00 to $10.00, assigning an "outperform" rating to the stock. This indicates a positive outlook from analysts, contributing to the stock’s uptick.

Performance Overview

The current market capitalization of OppFi stands at $972.88 million. The stock has a price-to-earnings (P/E) ratio of 70.54 and a beta value of 1.45, suggesting moderate volatility. The 50-day simple moving average price for the stock is at $7.64, while its two-hundred-day simple moving average is $5.53.

Insider Transactions

In related news, there have been some insider transactions. Director David Vennettilli sold 22,301 shares at an average price of $7.68 on December 2nd, resulting in a total sale value of approximately $171,271.68. Following this sale, Vennettilli holds 121,524 shares valued at around $933,304.32, representing a decrease of 15.51% in his holdings. Similarly, Director Jocelyn Moore sold 23,149 shares on November 11th at an average price of $6.70 with a total value of about $155,098.30. Post-sale, she now owns 99,072 shares worth $663,782.40, marking an 18.94% decrease in her position. Over the past ninety days, insiders have sold 145,450 shares totaling $971,370, yet insiders retain ownership of 84.00% of the company's stock.

Institutional Investing Trends

Recent activity among institutional investors shows a mix of new stakes and adjustments in existing positions. Segall Bryant & Hamill LLC established a new position in OppFi during the third quarter, amounting to roughly $2,457,000. Meanwhile, Los Angeles Capital Management LLC also acquired new shares valued at approximately $355,000 during the same period. Notably, Marshall Wace LLP increased its holdings by 24.2% in the second quarter, now owning 171,318 shares valued at $581,000 after acquiring an additional 33,347 shares. XTX Topco Ltd and JPMorgan Chase & Co. made new investments and boosted their positions in OppFi, signaling institutional interest. Overall, institutional investors control 7.10% of the company’s stock.

About OppFi Inc.

Founded in 2012 and headquartered in Chicago, Illinois, OppFi Inc. operates a specialty finance platform that provides banks with access to credit services. Their primary offerings include OppLoans, an installment loan product, SalaryTap, which is a secured loan linked to payroll deduction, and the OppFi Card, a credit card option.