JMP Securities Downgrades OppFi (NYSE:OPFI) to Market Perform

JMP Securities lowered shares of OppFi (NYSE:OPFI) from an outperform rating to a market perform rating in a research note released on Wednesday morning, MarketBeat reports.

Separately, Northland Securities lifted their price target on OppFi from $8.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, December 13th.

OppFi Stock Down 4.3 %

NYSE OPFI opened at $14.35 on Wednesday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 89.69 and a beta of 1.57. OppFi has a twelve month low of $2.35 and a twelve month high of $17.73. The business’s fifty day moving average is $10.16 and its 200 day moving average is $6.90.

Insider Buying and Selling at OppFi

In other OppFi news, Director David Vennettilli sold 22,301 shares of OppFi stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $7.68, for a total transaction of $171,271.68. Following the transaction, the director now directly owns 121,524 shares of the company’s stock, valued at approximately $933,304.32. The trade was a 15.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 84.00% of the company’s stock.

Institutional Investors Weigh In On OppFi

Several institutional investors and hedge funds have recently made changes to their positions in OPFI. Los Angeles Capital Management LLC acquired a new stake in OppFi during the 3rd quarter valued at approximately $355,000. Segall Bryant & Hamill LLC bought a new stake in shares of OppFi in the 3rd quarter valued at $2,457,000. Quadrature Capital Ltd acquired a new stake in shares of OppFi during the third quarter worth $60,000. Jane Street Group LLC raised its stake 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 during the last quarter. Finally, XTX Topco Ltd acquired a new position in OppFi in the third quarter valued at $136,000. 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.