Insider Buying: OppFi Inc. (NYSE: OPFI) CEO Buys 4,191 Shares

OppFi Inc. (NYSE: OPFI – Get a rating) CEO Todd G. Schwartz bought 4,191 shares of the company in a trade on Thursday, September 8. The shares were acquired at an average cost of $2.61 per share, with a total value of $10,938.51. As a result of the transaction, the CEO now directly owns 339,034 shares of the company, valued at $884,878.74. The purchase was disclosed in an SEC filing, available at this link.

OpFi price performance

Shares of OppFi rose $0.02 during Friday’s trading, hitting $2.64. 95,553 shares were traded, against an average volume of 262,842. OppFi Inc. has a 12-month low of $2.33 and a 12-month high of $10.40. The stock has a market capitalization of $289.58 million, a price-earnings ratio of 1.27 and a beta of 0.26. The company’s 50-day moving average price is $3.00 and its 200-day moving average price is $3.22.

Analysts set new price targets

Several equity analysts have commented on the OPFI share. JMP Securities cut its price target on OppFi shares from $6.00 to $5.00 and set a “market outperformance” rating for the company in a Friday, July 15 research report. Needham & Company LLC lowered its price target on OppFi shares from $4.50 to $4.00 and set a “buy” rating for the company in a Wednesday, August 10 research report. Finally, DA Davidson downgraded OppFi shares from a “buy” rating to a “neutral” rating and lowered his price target for the stock from $6.00 to $3.00 in a research report Thursday, August 11.

Institutional investors weigh in on OppFi

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A number of institutional investors and hedge funds have recently bought and sold OPFI shares. State Street Corp raised its position in OppFi by 204.5% in the second quarter. State Street Corp now owns 135,899 shares of the company valued at $447,000 after acquiring an additional 91,265 shares in the last quarter. Elgethun Capital Management increased its stake in OppFi by 14.8% in the first quarter. Elgethun Capital Management now owns 688,439 shares of the company valued at $2,361,000 after purchasing an additional 88,782 shares during the period. Northern Trust Corp increased its stake in OppFi by 371.6% in the second quarter. Northern Trust Corp now owns 108,227 shares of the company valued at $356,000 after purchasing an additional 85,276 shares during the period. Renaissance Technologies LLC increased its stake in OppFi by 254.7% in the second quarter. Renaissance Technologies LLC now owns 98,600 shares of the company valued at $324,000 after purchasing an additional 70,800 shares during the period. Finally, Rhumbline Advisers acquired a new position in OppFi in Q2 worth $62,000. 3.62% of the shares are held by hedge funds and other institutional investors.

Opfi Company Profile

(Get a rating)

OppFi Inc operates a financial technology platform that enables banks to offer loan products. Its platform facilitates OppLoan, an installment loan product; SalaryTap, an installment loan product secured by payroll deduction; 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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