OppFi (NYSE:OPFI) Reaches New 52-Week High – What’s Next?

Shares of OppFi Inc. (NYSE:OPFI) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $9.40 and last traded at $8.81, with a volume of 1132820 shares. The stock had previously closed at $8.22.

Analysts Set New Price Targets

Separately, Northland Securities boosted their price target on 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 firm has a market capitalization of $798.34 million, a P/E ratio of 57.88 and a beta of 1.45. The stock has a fifty day moving average price of $7.29 and a two-hundred day moving average price of $5.37.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC acquired a new position in OppFi during the 3rd quarter worth $2,457,000. Geode Capital Management LLC boosted its position in OppFi by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after acquiring an additional 18,149 shares during the period. Marshall Wace LLP lifted its holdings in shares of OppFi by 24.2% in the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock valued at $581,000 after buying an additional 33,347 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of OppFi in the third quarter valued at $355,000. Finally, Barclays PLC lifted its holdings in shares of OppFi by 95.9% in the third quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after buying an additional 20,630 shares during the period. 7.10% of the stock is currently owned by institutional investors.

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.