Theodore G. Schwartz Acquires 4,932 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFIGet Rating) Director Theodore G. Schwartz purchased 4,932 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were acquired at an average price of $2.72 per share, for a total transaction of $13,415.04. Following the completion of the transaction, the director now owns 334,843 shares in the company, valued at $910,772.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

OppFi Stock Performance

NYSE:OPFI opened at $2.64 on Friday. The stock’s fifty day moving average price is $2.99 and its two-hundred day moving average price is $3.21. OppFi Inc. has a 52-week low of $2.33 and a 52-week high of $10.40. The company has a market cap of $289.58 million, a price-to-earnings ratio of 1.27 and a beta of 0.26.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OPFI. JPMorgan Chase & Co. lifted its stake in shares of OppFi by 479.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,696 shares of the company’s stock valued at $29,000 after purchasing an additional 7,196 shares during the period. Knightsbridge Asset Management LLC acquired a new position in shares of OppFi in the 2nd quarter valued at $43,000. Virtu Financial LLC acquired a new position in shares of OppFi in the 1st quarter valued at $43,000. Sciencast Management LP acquired a new position in shares of OppFi in the 1st quarter valued at $50,000. Finally, Rhumbline Advisers acquired a new position in shares of OppFi in the 2nd quarter valued at $62,000. Institutional investors and hedge funds own 3.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on OPFI. JMP Securities decreased their price target on OppFi from $6.00 to $5.00 and set a “market outperform” rating on the stock in a research report on Friday, July 15th. Needham & Company LLC decreased their price target on OppFi from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, August 10th. Finally, DA Davidson downgraded OppFi from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $6.00 to $3.00 in a report on Thursday, August 11th.

About OppFi

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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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Insider Buying and Selling by Quarter for OppFi (NYSE:OPFI)

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