OppFi Inc. (NYSE:OPFI) CEO Todd G. Schwartz Purchases 6,806 Shares of Stock

OppFi Inc. (NYSE:OPFIGet Rating) CEO Todd G. Schwartz purchased 6,806 shares of the stock in a transaction on Thursday, November 17th. The shares were purchased at an average cost of $2.38 per share, for a total transaction of $16,198.28. Following the acquisition, the chief executive officer now directly owns 367,157 shares of the company’s stock, valued at $873,833.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

OppFi Stock Performance

OPFI stock opened at $2.37 on Tuesday. OppFi Inc. has a one year low of $1.87 and a one year high of $6.68. The company’s fifty day moving average price is $2.26 and its 200-day moving average price is $2.80. The company has a market capitalization of $259.72 million, a PE ratio of 2.42 and a beta of 0.40.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. JMP Securities lowered their price target on shares of OppFi from $4.50 to $3.00 and set a “market outperform” rating on the stock in a report on Friday, November 11th. Needham & Company LLC lowered their price target on shares of OppFi from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, November 11th. Finally, DA Davidson downgraded shares of OppFi from a “buy” rating to a “neutral” rating and lowered their price target for the company from $6.00 to $3.00 in a report on Thursday, August 11th.

Hedge Funds Weigh In On OppFi

Several hedge funds have recently modified their holdings of OPFI. Family Management Corp purchased a new position in shares of OppFi in the third quarter worth $653,000. CWA Asset Management Group LLC purchased a new stake in OppFi during the third quarter valued at $315,000. State Street Corp raised its stake in OppFi by 204.5% during the second quarter. State Street Corp now owns 135,899 shares of the company’s stock valued at $447,000 after purchasing an additional 91,265 shares in the last quarter. Elgethun Capital Management raised its stake in OppFi by 14.8% during the first quarter. Elgethun Capital Management now owns 688,439 shares of the company’s stock valued at $2,361,000 after purchasing an additional 88,782 shares in the last quarter. Finally, Northern Trust Corp raised its stake in OppFi by 371.6% during the second quarter. Northern Trust Corp now owns 108,227 shares of the company’s stock valued at $356,000 after purchasing an additional 85,276 shares in the last quarter. Hedge funds and other institutional investors own 3.62% of the company’s stock.

OppFi Company Profile

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OppFi Inc operates a financial technology platform that allows banks to offer lending products. Its platform facilitates the OppLoan, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. The company is based in Chicago, Illinois.

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