OppFi (NYSE:OPFI) Cut to “Hold” at Citizens Jmp

Citizens Jmp downgraded shares of OppFi (NYSE:OPFI) from a strong-buy rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

OPFI has been the subject of a number of other reports. JMP Securities cut OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Northland Securities upped their price target on OppFi from $8.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, December 13th.

OppFi Stock Performance

Shares of OPFI stock opened at $14.35 on Wednesday. The firm’s 50 day moving average price is $10.16 and its two-hundred day moving average price is $6.90. OppFi has a 52-week low of $2.35 and a 52-week high of $17.73. The stock has a market cap of $1.24 billion, a PE ratio of 89.69 and a beta of 1.57.

Insiders Place Their Bets

In related news, Director David Vennettilli sold 22,301 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $7.68, for a total transaction of $171,271.68. Following the sale, the director now directly owns 121,524 shares in the company, valued at $933,304.32. This trade represents a 15.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 84.00% of the company’s stock.

Hedge Funds Weigh In On OppFi

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in shares of OppFi by 271.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock valued at $173,000 after purchasing an additional 26,742 shares during the period. Segall Bryant & Hamill LLC bought a new stake in OppFi in the 3rd quarter valued at approximately $2,457,000. Barclays PLC boosted its position in OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock worth $199,000 after acquiring an additional 20,630 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in OppFi during the 4th quarter worth approximately $195,000. Finally, Geode Capital Management LLC raised its holdings in shares of OppFi by 4.7% in the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after purchasing an additional 18,149 shares during the last quarter. 7.10% of the stock is owned by institutional investors and hedge funds.

OppFi Company Profile

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.