OppFi (NYSE:OPFI) Hits New 12-Month High – Should You Buy?

Shares of OppFi Inc. (NYSE:OPFI) hit a new 52-week high on Tuesday . The company traded as high as $7.29 and last traded at $7.16, with a volume of 377441 shares. The stock had previously closed at $6.91.

Analyst Upgrades and Downgrades

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

OppFi Stock Down 0.4 %

The firm has a market cap of $612.09 million, a PE ratio of 44.38 and a beta of 1.20. The stock has a 50 day moving average price of $5.22 and a two-hundred day moving average price of $4.23.

Insider Transactions at OppFi

In related news, Director Jocelyn Moore sold 23,149 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $6.70, for a total value of $155,098.30. Following the sale, the director now owns 99,072 shares in the company, valued at $663,782.40. This represents a 18.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Vennettilli sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $6.45, for a total value of $645,000.00. Following the completion of the transaction, the director now directly owns 143,825 shares of the company’s stock, valued at $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. Insiders own 84.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OPFI. Acadian Asset Management LLC acquired a new position in shares of OppFi during the 1st quarter worth approximately $51,000. Quadrature Capital Ltd acquired a new position in OppFi in the 3rd quarter valued at $60,000. Brendel Financial Advisors LLC acquired a new position in OppFi in the 3rd quarter valued at $105,000. Jane Street Group LLC grew its holdings in OppFi by 28.9% in the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after buying an additional 5,795 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in 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 buying an additional 20,048 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.