FY2024 Earnings Forecast for OppFi Issued By Northland Capmk

OppFi Inc. (NYSE:OPFI) – Equities researchers at Northland Capmk upped their FY2024 earnings estimates for OppFi in a note issued to investors on Thursday, November 7th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings of $0.86 per share for the year, up from their previous forecast of $0.74. The consensus estimate for OppFi’s current full-year earnings is $0.86 per share. Northland Capmk also issued estimates for OppFi’s Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.16 EPS and FY2025 earnings at $0.86 EPS.

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

OppFi Trading Up 4.5 %

Shares of NYSE:OPFI opened at $7.14 on Monday. The company has a 50 day moving average of $4.90 and a 200 day moving average of $4.07. The stock has a market cap of $615.85 million, a P/E ratio of 44.63 and a beta of 1.20. OppFi has a 12 month low of $2.35 and a 12 month high of $7.16.

Hedge Funds Weigh In On OppFi

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in shares of OppFi in the 1st quarter valued at $51,000. Brendel Financial Advisors LLC purchased a new stake in shares of OppFi in the 3rd quarter valued at $105,000. Heron Bay Capital Management boosted its stake in shares of OppFi by 18.5% in the 1st quarter. Heron Bay Capital Management now owns 45,788 shares of the company’s stock valued at $114,000 after purchasing an additional 7,141 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of OppFi by 120.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock valued at $124,000 after purchasing an additional 20,048 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of OppFi in the 3rd quarter valued at $355,000. Hedge funds and other 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.