OppFi Inc. (NYSE:OPFI) Director David Vennettilli Sells 22,301 Shares

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 22,301 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $7.68, for a total value of $171,271.68. Following the completion of the sale, the director now directly owns 121,524 shares of the company’s stock, valued at $933,304.32. The trade was a 15.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

David Vennettilli also recently made the following trade(s):

• On Friday, November 8th, David Vennettilli sold 100,000 shares of OppFi stock. The shares were sold at an average price of $6.45, for a total transaction of $645,000.00.

OppFi Trading Down 5.2 %

OppFi stock opened at $7.33 on Friday. The stock has a 50 day moving average of $5.95 and a two-hundred day moving average of $4.59. OppFi Inc. has a twelve month low of $2.35 and a twelve month high of $8.54. The stock has a market capitalization of $631.95 million, a price-to-earnings ratio of 45.81 and a beta of 1.45.

Institutional Investors Weigh In On OppFi

Hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd purchased a new position in OppFi during the third quarter worth about $60,000. Brendel Financial Advisors LLC acquired a new position in OppFi during the 3rd quarter worth approximately $105,000. Jane Street Group LLC raised its stake in shares of OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after buying an additional 5,795 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of OppFi in the 3rd quarter valued at approximately $136,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of OppFi by 120.5% in the second quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock valued at $124,000 after buying an additional 20,048 shares in the last quarter. 7.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Northland Securities lifted their price objective on shares of OppFi from $6.00 to $8.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

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.