Northland Securities Issues Positive Forecast for OppFi (NYSE:OPFI) Stock Price

OppFi (NYSE:OPFI) had its price target upped by Northland Securities from $8.00 to $10.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

OppFi Stock Up 10.2 %

OPFI stock opened at $7.34 on Friday. OppFi has a twelve month low of $2.35 and a twelve month high of $8.54. The firm has a market capitalization of $632.81 million, a PE ratio of 45.88 and a beta of 1.45. The stock has a 50-day simple moving average of $6.22 and a two-hundred day simple moving average of $4.76.

Insiders Place Their Bets

In other OppFi news, Director Jocelyn Moore sold 23,149 shares of OppFi stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $6.70, for a total transaction of $155,098.30. Following the completion of the sale, the director now directly owns 99,072 shares in the company, valued at $663,782.40. The trade was a 18.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Vennettilli sold 22,301 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $7.68, for a total transaction of $171,271.68. Following the completion of the transaction, the director now directly owns 121,524 shares of the company’s stock, valued at approximately $933,304.32. This represents a 15.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 145,450 shares of company stock worth $971,370 in the last three months. 84.00% of the stock is currently owned by corporate insiders.

Institutional Trading of OppFi

Several institutional investors and hedge funds have recently made changes to their positions in OPFI. LB Partners LLC boosted its stake in OppFi by 1.3% in the second quarter. LB Partners LLC now owns 920,970 shares of the company’s stock worth $3,122,000 after buying an additional 11,948 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of OppFi by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after purchasing an additional 5,218 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of OppFi during the 3rd quarter valued at $2,457,000. Geode Capital Management LLC raised its position in OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after purchasing an additional 18,149 shares during the period. Finally, Marshall Wace LLP lifted its stake in OppFi by 24.2% in the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after purchasing an additional 33,347 shares during the last quarter. 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.