OppFi Downgraded to Hold Rating by Citizens Jmp

On February 14, 2025, OppFi (NYSE:OPFI) received a downgrade from Citizens Jmp, shifting its rating from "strong-buy" to "hold" as stated in a research report issued to investors.

In addition to Citizens Jmp's action, various other equity analysts have also recently evaluated OppFi. For instance, Northland Securities raised its price target on OppFi shares from $8.00 to $10.00, assigning the company an "outperform" rating in a report released on December 13, 2023. Conversely, JMP Securities downgraded OppFi from an "outperform" rating to a "market perform" rating in their report.

OppFi's Stock Performance

On the day of the downgrade, OPFI stock opened at $13.01. The company has demonstrated a solid price movement with a 50-day simple moving average of $10.27 and a 200-day simple moving average of $6.95. OppFi boasts a market capitalization of approximately $1.12 billion, with a price-to-earnings (PE) ratio of 81.29, and a beta of 1.57, suggesting higher volatility than the market. In the last year, the stock hit a low of $2.35 and a high of $17.73.

Insider Transactions

In related news, Director David Vennettilli sold 22,301 shares of OppFi stock on December 2, 2023, at an average price of $7.68, totaling $171,271.68. Following this transaction, Vennettilli now holds 121,524 shares, valued at approximately $933,304.32. This sale indicates a reduction in his ownership by 15.51%. Notably, 84% of the total shares are currently held by company insiders.

Institutional Investor Activity

Several institutional investors have either increased or reduced their shares in OppFi. NewEdge Advisors LLC raised its stake by 4.7% in the fourth quarter, owning now 18,328 shares worth $140,000 after acquiring an additional 831 shares. Barclays PLC also increased its position by 5.6% during the same period, now owning 44,521 shares valued at $341,000 after adding 2,380 shares. Similarly, Charles Schwab Investment Management Inc. lifted its stake by 8.8% to 54,359 shares worth $416,000 after buying 4,398 more shares. Jane Street Group LLC also reported an increase of 28.9% in their position during the third quarter, holding 25,842 shares valued at $122,000. Overall, about 7.1% of the company's stock is currently held by hedge funds and other institutional investors.

About OppFi

OppFi Inc operates a specialty finance platform focused on enhancing credit access through various products. These include OppLoans, an installment loan offering, SalaryTap, which is a payroll deduction secured loan product, and the OppFi Card, a credit card product. Founded in 2012, the company is headquartered in Chicago, Illinois.

OppFi, Downgrade, Stocks