OppFi Inc. (NYSE:OPFI) Director Sells $279,626.58 in Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 30,762 shares of OppFi stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $9.09, for a total value of $279,626.58. Following the completion of the transaction, the director now owns 90,762 shares of the company’s stock, valued at approximately $825,026.58. The trade was a 25.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

David Vennettilli also recently made the following trade(s):

• On Friday, March 7th, David Vennettilli sold 43,238 shares of OppFi stock. The shares were sold at an average price of $9.45, for a total value of $408,599.10.

OppFi Price Performance

OppFi stock opened at $9.35 on Thursday. The firm has a market cap of $805.67 million, a price-to-earnings ratio of 58.41 and a beta of 1.63. OppFi Inc. has a fifty-two week low of $2.35 and a fifty-two week high of $17.73. The firm has a fifty day moving average price of $11.50 and a two-hundred day moving average price of $7.82.

OppFi (NYSE:OPFI) last released its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.09. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The business had revenue of $135.72 million during the quarter, compared to analysts’ expectations of $133.50 million. During the same quarter last year, the company earned $0.10 earnings per share. As a group, sell-side analysts expect that OppFi Inc. will post 0.86 earnings per share for the current year.

Institutional Investors Weigh In On OppFi

Several hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp bought a new stake in shares of OppFi in the fourth quarter valued at about $131,000. Wolverine Trading LLC acquired a new position in OppFi in the fourth quarter worth about $630,000. Squarepoint Ops LLC acquired a new position in OppFi in the fourth quarter worth about $218,000. Two Sigma Advisers LP raised its position in OppFi by 27.9% in the fourth quarter. Two Sigma Advisers LP now owns 429,100 shares of the company’s stock worth $3,287,000 after purchasing an additional 93,700 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in OppFi by 19.8% in the fourth quarter. Two Sigma Investments LP now owns 447,260 shares of the company’s stock worth $3,426,000 after purchasing an additional 73,905 shares in the last quarter. Institutional investors own 7.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on OPFI shares. Northland Securities set a $13.00 price target on OppFi in a report on Thursday, March 6th. Citizens Jmp cut shares of OppFi from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, JMP Securities cut shares of OppFi from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th.

OppFi Company Profile

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.