OppFi (NYSE:OPFI) Stock Price Down 4.6% – What’s Next?

OppFi Inc. (NYSE:OPFI) traded down 4.6% on Monday . The stock traded as low as $15.76 and last traded at $16.17. 948,287 shares were traded during trading, a decline of 61% from the average session volume of 2,408,321 shares. The stock had previously closed at $16.94.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JMP Securities cut shares of OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Northland Securities lifted their target price on shares of OppFi from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, December 13th.

OppFi Stock Performance

The company has a market cap of $1.29 billion, a price-to-earnings ratio of 93.72 and a beta of 1.57. The company has a 50-day simple moving average of $10.02 and a 200-day simple moving average of $6.85.

Insiders Place Their Bets

In other news, Director David Vennettilli sold 22,301 shares of OppFi stock in a transaction that occurred 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 completion of the sale, the director now directly owns 121,524 shares in the company, valued at approximately $933,304.32. This trade represents a 15.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 84.00% of the company’s stock.

Institutional Investors Weigh In On OppFi

Institutional investors and hedge funds have recently modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in OppFi during the third quarter worth $60,000. 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 during the last quarter. XTX Topco Ltd purchased a new stake in shares of OppFi in the 3rd quarter worth about $136,000. JPMorgan Chase & Co. boosted its position in shares of OppFi by 271.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock worth $173,000 after buying an additional 26,742 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in OppFi in the 4th quarter valued at about $195,000. Institutional investors and hedge funds 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.