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.

A number of other research analysts also recently weighed in on OPFI. JMP Securities downgraded OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Northland Securities raised 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 OppFi stock opened at $13.09 on Wednesday. The business’s 50 day simple moving average is $10.38 and its 200 day simple moving average is $7.01. OppFi has a 52-week low of $2.35 and a 52-week high of $17.73. The firm has a market cap of $1.13 billion, a PE ratio of 81.79 and a beta of 1.57.

Insider Activity at OppFi

In related news, Director David Vennettilli sold 22,301 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $7.68, for a total value of $171,271.68. Following the completion of the sale, the director now directly owns 121,524 shares in the company, valued at $933,304.32. The trade was a 15.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 84.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On OppFi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its holdings in OppFi by 23.1% in the 4th quarter. Northern Trust Corp now owns 155,282 shares of the company’s stock valued at $1,189,000 after acquiring an additional 29,171 shares in the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of OppFi by 310.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company’s stock worth $2,117,000 after buying an additional 209,045 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of OppFi during the 4th quarter worth $155,000. MetLife Investment Management LLC acquired a new position in shares of OppFi during the 4th quarter worth $98,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of OppFi by 64.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 53,320 shares of the company’s stock worth $408,000 after buying an additional 20,845 shares in the last quarter. 7.10% of the stock is owned by institutional investors and hedge funds.

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.