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

OppFi Inc. (NYSE:OPFI) saw its stock price rise by 10.8% during mid-day trading on Tuesday. The stock reached a high of $10.89 before settling at $10.79, closing up from its previous day's price of $9.74. Throughout the trading session, approximately 767,697 shares were exchanged, which marked a significant reduction of 66% compared to the average trading volume of 2,241,995 shares.

Analyst Recommendations

In an important update, Northland Securities raised their price target for OppFi from $8.00 to $10.00, assigning the stock an "outperform" rating in a report published on December 13th.

Performance Overview

The company's stock carries a market capitalization of $972.88 million, has a P/E ratio of 70.54, and a beta of 1.45, indicating its volatility relative to the market. Over the past fifty days, the stock's simple moving average has been $7.64, while its two-hundred day simple moving average stands at $5.53.

Insider Activity

Recent insider activity included Director David Vennettilli selling 22,301 shares of OppFi on December 2nd, at an average price of $7.68, totaling $171,271.68. After this transaction, he retains 121,524 shares valued around $933,304.32, marking a 15.51% decrease in his holdings. Another board member, Jocelyn Moore, sold 23,149 shares on November 11th at an average price of $6.70 for a total of $155,098.30. Following her sale, she holds 99,072 shares valued at $663,782.40, representing an 18.94% reduction in her stake. In total, company insiders have sold 145,450 shares worth $971,370 over the last ninety days, while insider ownership stands at a substantial 84.00%.

Institutional Investment Changes

Several institutional investors have shifted their stakes in OppFi recently. Segall Bryant & Hamill LLC purchased a new stake worth about $2,457,000 during the third quarter. Additionally, Los Angeles Capital Management LLC added a stake valued at approximately $355,000 in the same quarter. Marshall Wace LLP increased its investment in OppFi by 24.2% in the second quarter, now holding 171,318 shares valued at $581,000 after acquiring an additional 33,347 shares. Moreover, JPMorgan Chase & Co. raised its stake by 271.7% in the third quarter, owning 36,585 shares worth $173,000 after an additional purchase of 26,742 shares. Overall, institutional investors currently control 7.10% of OppFi's stock.

Company Overview

OppFi Inc. operates as a specialty finance platform, granting banks access to credit offerings. The company facilitates products such as OppLoans, a type of installment loan, SalaryTap, a payroll deduction secured installment loan, and the OppFi Card, a credit card offering. Founded in 2012, OppFi is headquartered in Chicago, Illinois.

Investment Considerations

Before making any investment decisions regarding OppFi, potential investors should note that while the stock currently has a "Buy" rating, leading analysts suggest there are other stocks with potentially stronger investment prospects. Consulting expert opinions and research on various stocks is advisable.

OppFi, Stock, Investment