Northland Securities Issues Positive Forecast for OppFi (NYSE:OPFI) Stock Price

OppFi (NYSE:OPFI) had its price target boosted by Northland Securities from $8.00 to $10.00 in a research note released on Friday morning,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

OppFi Stock Up 10.2 %

Shares of NYSE:OPFI opened at $7.34 on Friday. The company has a market cap of $632.81 million, a PE ratio of 45.88 and a beta of 1.45. OppFi has a fifty-two week low of $2.35 and a fifty-two week high of $8.54. The firm has a 50-day simple moving average of $6.22 and a 200 day simple moving average of $4.74.

Insider Buying and Selling

In related news, Director Jocelyn Moore sold 23,149 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $6.70, for a total value of $155,098.30. Following the completion of the transaction, the director now directly owns 99,072 shares of the company’s stock, valued at $663,782.40. This represents a 18.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Vennettilli sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $6.45, for a total value of $645,000.00. Following the completion of the sale, the director now owns 143,825 shares in the company, valued at approximately $927,671.25. This represents a 41.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,450 shares of company stock valued at $971,370. Insiders own 84.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of OPFI. Vanguard Group Inc. boosted its holdings in shares of OppFi by 0.6% in the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after acquiring an additional 5,218 shares in the last quarter. Jane Street Group LLC boosted its stake in OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after purchasing an additional 5,795 shares in the last quarter. LB Partners LLC boosted its stake in OppFi by 1.3% during the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company’s stock valued at $3,122,000 after purchasing an additional 11,948 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of OppFi during the 3rd quarter valued at $60,000. Finally, Geode Capital Management LLC raised its stake in shares of OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after buying an additional 18,149 shares in the last quarter. Institutional investors own 7.10% of the company’s stock.

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.