OppFi (NYSE:OPFI) Rating Reiterated by JMP Securities

OppFi (NYSE:OPFI)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a report issued on Wednesday, Benzinga reports. They presently have a $5.00 price objective on the stock. JMP Securities’ price target would suggest a potential upside of 71.82% from the company’s previous close.

OppFi Stock Down 0.7 %

Shares of OPFI traded down $0.02 during mid-day trading on Wednesday, hitting $2.91. The stock had a trading volume of 145,804 shares, compared to its average volume of 341,744. The company has a market cap of $322.05 million, a PE ratio of -145.93 and a beta of 1.23. The company’s fifty day simple moving average is $3.02 and its two-hundred day simple moving average is $3.28. OppFi has a fifty-two week low of $1.81 and a fifty-two week high of $5.34.

OppFi (NYSE:OPFI) last issued its earnings results on Thursday, March 7th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The company had revenue of $132.92 million during the quarter, compared to analyst estimates of $133.49 million. OppFi had a positive return on equity of 23.92% and a negative net margin of 0.20%. During the same quarter last year, the firm earned ($0.19) EPS. Equities analysts expect that OppFi will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. LB Partners LLC acquired a new position in shares of OppFi in the 4th quarter worth approximately $1,638,000. Barclays PLC boosted its position in OppFi by 490.0% during the 3rd quarter. Barclays PLC now owns 14,507 shares of the company’s stock valued at $37,000 after purchasing an additional 12,048 shares during the period. Heron Bay Capital Management boosted its position in OppFi by 41.5% during the 4th quarter. Heron Bay Capital Management now owns 38,647 shares of the company’s stock valued at $198,000 after purchasing an additional 11,330 shares during the period. Bank of America Corp DE boosted its position in OppFi by 107.7% during the 4th quarter. Bank of America Corp DE now owns 24,502 shares of the company’s stock valued at $50,000 after purchasing an additional 12,705 shares during the period. Finally, Virtu Financial LLC acquired a new position in OppFi during the 1st quarter valued at approximately $43,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

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.