Financial Technology

Theodore G. Schwartz Buys 6,066 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFIGet Rating) Director Theodore G. Schwartz acquired 6,066 shares of the stock in a transaction dated Wednesday, August 17th. The shares were bought at an average cost of $2.55 per share, with a total value of $15,468.30. Following the completion of the purchase, the director now directly owns 208,805 shares in the company, valued at $532,452.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

OppFi Stock Performance

OppFi stock traded down $0.11 during trading on Friday, reaching $2.44. 189,169 shares of the company’s stock were exchanged, compared to its average volume of 272,341. The company’s 50-day moving average is $3.21 and its two-hundred day moving average is $3.34. OppFi Inc. has a 52-week low of $2.42 and a 52-week high of $10.40. The firm has a market cap of $267.64 million, a price-to-earnings ratio of 1.17 and a beta of 0.21.

Institutional Trading of OppFi

A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in OppFi by 10.8% in the 1st quarter. State Street Corp now owns 44,634 shares of the company’s stock worth $153,000 after buying an additional 4,334 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in OppFi by 479.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,696 shares of the company’s stock worth $29,000 after buying an additional 7,196 shares in the last quarter. Elgethun Capital Management lifted its holdings in OppFi by 1.2% in the 2nd quarter. Elgethun Capital Management now owns 696,980 shares of the company’s stock worth $2,246,000 after buying an additional 8,541 shares in the last quarter. Virtu Financial LLC acquired a new position in OppFi in the 1st quarter worth $43,000. Finally, Knightsbridge Asset Management LLC acquired a new position in OppFi in the 2nd quarter worth $43,000. 4.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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OPFI has been the subject of several research reports. DA Davidson cut shares of OppFi from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $6.00 to $3.00 in a research note on Thursday, August 11th. JMP Securities decreased their price target on shares of OppFi from $6.00 to $5.00 and set a “market outperform” rating for the company in a research report on Friday, July 15th. Finally, Needham & Company LLC decreased their price target on shares of OppFi from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, August 10th.

About OppFi

(Get Rating)

OppFi Inc operates a financial technology platform that allows banks to offer lending products. Its platform facilitates the OppLoan, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. The company is based in Chicago, Illinois.

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Insider Buying and Selling by Quarter for OppFi (NYSE:OPFI)

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