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

OppFi Inc. (NYSE:OPFI) saw its stock price increase by 10.8% during mid-day trading on Tuesday. The stock reached a high of $10.89 before closing at $10.79. In total, 767,697 shares were traded, which is significantly lower than the average trading volume of 2,241,995 shares. The stock had previously closed at $9.74.

Analyst Recommendations

In recent developments, Northland Securities raised its price target for OppFi from $8.00 to $10.00, giving the stock an "outperform" rating as of December 13th.

OppFi Stock Performance Overview

As of now, the stock has a market capitalization of $972.88 million and a price-to-earnings ratio of 70.54. The stock's volatility is indicated by a beta of 1.45. Currently, the 50-day simple moving average for the stock is $7.64, while the 200-day simple moving average stands at $5.53.

Insider Activity

Recently, there has been some insider trading. On December 2nd, Director David Vennettilli sold 22,301 shares at an average price of $7.68, totaling approximately $171,271.68. Following this sale, Vennettilli owns 121,524 shares, which are valued at around $933,304.32, marking a 15.51% decrease in his ownership. Similarly, Director Jocelyn Moore sold 23,149 shares on November 11th at an average price of $6.70, amounting to $155,098.30. After this transaction, Moore holds 99,072 shares valued at $663,782.40, representing an 18.94% reduction in their stake. In total, insiders sold 145,450 shares worth approximately $971,370 over the past ninety days. Notably, company insiders hold 84.00% of the total shares outstanding.

Changes in Institutional Ownership

Several institutional investors have recently adjusted their positions in OppFi. Segall Bryant & Hamill LLC purchased a new stake worth approximately $2,457,000 during the third quarter. Meanwhile, Los Angeles Capital Management LLC also acquired a new stake valued at $355,000 in the same quarter. 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. Other notable investors include XTX Topco Ltd, which bought a new stake worth $136,000, and JPMorgan Chase & Co., which increased its stake by 271.7%, owning 36,585 shares now valued at $173,000 after purchasing an additional 26,742 shares. Institutional investors currently represent 7.10% of the company's stock ownership.

About OppFi Inc.

OppFi Inc. operates a specialized finance platform that enables banks to provide credit access to consumers. The platform supports products like OppLoans (installment loans), SalaryTap (secured installment loans deducted from payroll), and the OppFi Card, a credit card offering. Founded in 2012, OppFi is headquartered in Chicago, Illinois.

Final Thoughts on Investment

Before making an investment decision regarding OppFi, potential investors should take into account insights from Wall Street’s analysts. While the stock presently holds a "Buy" rating among some analysts, it’s noteworthy that other analysts have identified five alternative stocks that they recommend as more favorable investment options.

OppFi, Stocks, Finance