OppFi (NYSE:OPFI) Trading Down 6.2% – Here’s What Happened

OppFi Inc. (NYSE:OPFI) fell 6.2% 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.

Analysts Set New Price Targets

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

OppFi Trading Down 6.2 %

The business’s fifty day moving average is $6.00 and its 200 day moving average is $4.64. The company has a market cap of $589.68 million, a P/E ratio of 45.57 and a beta of 1.44.

Insider Buying and Selling at OppFi

In related news, Director Jocelyn Moore sold 23,149 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $6.70, for a total value of $155,098.30. Following the completion of the transaction, the director now directly owns 99,072 shares of the company’s stock, valued at approximately $663,782.40. This trade represents a 18.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Vennettilli sold 22,301 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $7.68, for a total transaction of $171,271.68. Following the sale, the director now directly owns 121,524 shares in the company, valued at $933,304.32. The trade was a 15.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 145,450 shares of company stock worth $971,370 over the last ninety days. 84.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OPFI. Quadrature Capital Ltd bought a new position in OppFi in the 3rd quarter valued at $60,000. Brendel Financial Advisors LLC bought a new stake in OppFi during the third quarter valued at $105,000. Jane Street Group LLC grew its position in OppFi by 28.9% during the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after buying an additional 5,795 shares in the last quarter. Bank of New York Mellon Corp increased its stake in OppFi by 120.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after acquiring an additional 20,048 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of OppFi in the 3rd quarter valued at about $136,000. Institutional investors own 7.10% of the company’s stock.

OppFi Company Profile

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.