OppFi (NYSE:OPFI) Hits New 52-Week High – Time to Buy?

OppFi Inc. (NYSE:OPFI) shares hit a new 52-week high during trading on Saturday . The company traded as high as $8.73 and last traded at $8.58, with a volume of 1465294 shares trading hands. The stock had previously closed at $8.08.

Wall Street Analysts Forecast Growth

Separately, Northland Securities upped their price objective on shares of OppFi from $8.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, December 13th.

OppFi Price Performance

The stock has a market cap of $739.72 million, a P/E ratio of 53.63 and a beta of 1.45. The company has a fifty day moving average of $7.01 and a 200 day moving average of $5.20.

Insider Activity

In related news, Director Jocelyn Moore sold 23,149 shares of OppFi stock in a transaction on Monday, November 11th. The stock was sold at an average price of $6.70, for a total value of $155,098.30. Following the transaction, the director now directly owns 99,072 shares in the company, valued at $663,782.40. The trade was a 18.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Vennettilli sold 22,301 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $7.68, for a total value of $171,271.68. Following the sale, the director now directly owns 121,524 shares of the company’s stock, valued at approximately $933,304.32. This represents a 15.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 145,450 shares of company stock worth $971,370 over the last 90 days. 84.00% of the stock is currently owned by company insiders.

Institutional Trading of OppFi

Hedge funds have recently bought and sold shares of the company. Segall Bryant & Hamill LLC purchased a new stake in shares of OppFi in the third quarter valued at $2,457,000. Geode Capital Management LLC raised its position in OppFi by 4.7% during the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after buying an additional 18,149 shares during the period. Marshall Wace LLP lifted its stake in OppFi by 24.2% in the 2nd quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after acquiring an additional 33,347 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in OppFi during the 3rd quarter worth about $355,000. Finally, Barclays PLC grew its stake in OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after acquiring an additional 20,630 shares in the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

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.