OppFi (NYSE:OPFI) Trading Down 6.2% – What’s Next?

OppFi Inc. (NYSE:OPFI)’s share price fell 6.2% during mid-day trading on Monday . The company traded as low as $6.76 and last traded at $6.84. 302,048 shares were traded during mid-day trading, a decline of 1% from the average session volume of 303,720 shares. The stock had previously closed at $7.29.

Analyst Upgrades and Downgrades

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

OppFi Trading Down 0.1 %

The firm has a fifty day moving average of $6.08 and a two-hundred day moving average of $4.69. The company has a market capitalization of $589.70 million, a PE ratio of 42.81 and a beta of 1.44.

Insider Activity

In other news, Director David Vennettilli sold 100,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $6.45, for a total transaction of $645,000.00. Following the completion of the sale, the director now directly owns 143,825 shares in the company, valued at approximately $927,671.25. This represents a 41.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jocelyn Moore sold 23,149 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $6.70, for a total value of $155,098.30. Following the transaction, the director now owns 99,072 shares in the company, valued at approximately $663,782.40. This represents a 18.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 145,450 shares of company stock valued at $971,370. 84.00% of the stock is currently owned by company insiders.

Institutional Trading of OppFi

Large investors have recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in OppFi during the 3rd quarter valued at approximately $60,000. Brendel Financial Advisors LLC bought a new position in shares of OppFi during the third quarter valued at $105,000. Jane Street Group LLC boosted its stake in OppFi by 28.9% in the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after purchasing an additional 5,795 shares in the last quarter. Bank of New York Mellon Corp grew its position in OppFi by 120.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock valued at $124,000 after purchasing an additional 20,048 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in OppFi during the 3rd quarter valued at about $136,000. 7.10% of the stock is owned by institutional investors.

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.