OppFi Inc. (NYSE:OPFI – Get Free Report) saw strong trading volume on Monday . 168,415 shares traded hands during mid-day trading, a decline of 39% from the previous session’s volume of 274,781 shares.The stock last traded at $4.64 and had previously closed at $4.52.
Analyst Upgrades and Downgrades
Separately, JMP Securities restated a “market outperform” rating and issued a $5.00 price objective on shares of OppFi in a research note on Wednesday, April 17th.
OppFi Stock Up 2.0 %
The stock has a market capitalization of $512.90 million, a PE ratio of 75.33 and a beta of 1.20. The firm has a 50 day moving average price of $3.57 and a 200-day moving average price of $3.23.
OppFi (NYSE:OPFI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.12. The firm had revenue of $126.30 million during the quarter, compared to analysts’ expectations of $121.14 million. OppFi had a return on equity of 25.16% and a net margin of 0.83%. During the same period last year, the business posted $0.19 earnings per share. Equities analysts expect that OppFi Inc. will post 0.6 earnings per share for the current fiscal year.
Hedge Funds Weigh In On OppFi
Institutional investors have recently made changes to their positions in the company. LB Partners LLC raised its holdings in OppFi by 184.1% in the 1st quarter. LB Partners LLC now owns 909,022 shares of the company’s stock worth $2,273,000 after purchasing an additional 589,022 shares during the period. Virtu Financial LLC acquired a new position in OppFi in the 4th quarter worth about $202,000. Thompson Davis & CO. Inc. acquired a new position in OppFi in the 4th quarter worth about $186,000. Prosperity Wealth Management Inc. acquired a new position in OppFi in the 4th quarter worth about $136,000. Finally, Acadian Asset Management LLC acquired a new position in OppFi in the 1st quarter worth about $51,000. 7.10% of the stock is owned by hedge funds and other 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.