OppFi (NYSE:OPFI) Stock Price Down 4.6% – Should You Sell?

OppFi Inc. (NYSE:OPFI)’s share price dropped 4.6% during mid-day trading on Monday . The stock traded as low as $15.76 and last traded at $16.17. Approximately 948,287 shares were traded during trading, a decline of 61% from the average daily volume of 2,408,321 shares. The stock had previously closed at $16.94.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JMP Securities cut OppFi from an “outperform” rating to a “market perform” rating in a report on Wednesday. Northland Securities increased their price objective 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 Down 2.8 %

The firm’s 50 day moving average is $10.02 and its 200-day moving average is $6.85. The firm has a market cap of $1.29 billion, a PE ratio of 93.72 and a beta of 1.57.

Insider Buying and Selling at OppFi

In other news, Director David Vennettilli sold 22,301 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $7.68, for a total transaction of $171,271.68. Following the transaction, the director now directly owns 121,524 shares in the company, valued at $933,304.32. This represents a 15.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 84.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OppFi

Institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new position in shares of OppFi in the 3rd quarter worth about $355,000. Segall Bryant & Hamill LLC acquired a new stake in OppFi in the 3rd quarter valued at $2,457,000. Quadrature Capital Ltd purchased a new position in OppFi in the third quarter valued at about $60,000. Jane Street Group LLC boosted its position in shares of OppFi by 28.9% in the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after buying an additional 5,795 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of OppFi in the third quarter valued at about $136,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

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.