OppFi (NYSE:OPFI) Stock Price Up 10.8% - Is It Still a Good Investment?

OppFi Inc. (NYSE:OPFI) saw a notable increase in its stock price, trading 10.8% higher during mid-day trading on Tuesday. The stock reached a peak of $10.89 and was last traded at $10.79. A total of 767,697 shares exchanged hands, which is a significant decline of 66% compared to the average session volume of 2,241,995 shares. The previous closing price was $9.74.

Analyst Ratings

Recently, Northland Securities upgraded its outlook for OppFi, raising its price target from $8.00 to $10.00 and assigning the stock an "outperform" rating in a report released on December 13th.

Overview of OppFi's Performance

The company's current market capitalization stands at approximately $972.88 million, with a price-to-earnings (P/E) ratio of 70.54 and a beta of 1.45. Over the past 50 days, OppFi's stock has seen a simple moving average of $7.64, while the two-hundred-day average rests at $5.53.

Insider Trading Activity

In recent insider trading news, Director David Vennettilli sold 22,301 shares of OppFi stock on December 2nd, at an average price of $7.68, totaling around $171,271.68. After the transaction, Vennettilli retains 121,524 shares, valued at approximately $933,304.32, marking a 15.51% reduction in their holding. Similarly, Director Jocelyn Moore sold 23,149 shares on November 11th at an average price of $6.70, amounting to $155,098.30. Following this sale, Moore owns 99,072 shares worth about $663,782.40, indicating an 18.94% decrease in their stake. Over the past ninety days, insiders have sold a total of 145,450 shares for roughly $971,370. Notably, insiders control around 84.00% of the company's stock.

Institutional Holdings

A number of hedge funds have recently modified their positions in OppFi. For example, Segall Bryant & Hamill LLC acquired a new stake valued at approximately $2,457,000 during the third quarter. Los Angeles Capital Management LLC also added a new stake worth about $355,000 during the same period. Additionally, Marshall Wace LLP raised its investment in OppFi by 24.2%, owning 171,318 shares valued at $581,000 after acquiring 33,347 shares in the latest quarter. XTX Topco Ltd purchased a new stake worth around $136,000, while JPMorgan Chase & Co. increased its ownership by a staggering 271.7% in the third quarter, gaining control of 36,585 shares valued at $173,000 after acquiring an additional 26,742 shares. Overall, institutional investors hold about 7.10% of the company's stock.

Company Background

OppFi Inc. operates a specialized finance platform that enables banks to provide credit access to customers. The platform offers several financial products, including OppLoans (an installment loan product), SalaryTap (a payroll deduction secured installment loan), and the OppFi Card (a credit card). Founded in 2012, OppFi is headquartered in Chicago, Illinois.

Investment Considerations

Before investing in OppFi, it is essential to consider the overall market sentiment and analyst ratings. Currently, while OppFi holds a "Buy" rating among many analysts, it may be beneficial to explore other stocks that top analysts believe offer better long-term potential.

OppFi, Stocks, Investment