OppFi (NYSE:OPFI) Given Market Outperform Rating at JMP Securities

OppFi (NYSE:OPFI)‘s stock had its “market outperform” rating reaffirmed by stock analysts at JMP Securities in a report released on Wednesday, Benzinga reports. They presently have a $5.00 target price on the stock. JMP Securities’ target price indicates a potential upside of 73.01% from the company’s previous close.

OppFi Stock Performance

NYSE:OPFI opened at $2.89 on Wednesday. The company has a market capitalization of $319.84 million, a PE ratio of -144.43 and a beta of 1.23. OppFi has a fifty-two week low of $1.81 and a fifty-two week high of $5.34. The company has a 50 day simple moving average of $3.01 and a two-hundred day simple moving average of $3.27.

OppFi (NYSE:OPFI) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $132.92 million for the quarter, compared to analysts’ expectations of $133.49 million. OppFi had a positive return on equity of 23.92% and a negative net margin of 0.20%. During the same period in the prior year, the business earned ($0.19) EPS. Research analysts predict that OppFi will post 0.55 EPS for the current year.

Hedge Funds Weigh In On OppFi

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nuveen Asset Management LLC boosted its holdings in shares of OppFi by 2.8% during the 4th quarter. Nuveen Asset Management LLC now owns 110,671 shares of the company’s stock worth $567,000 after buying an additional 2,999 shares in the last quarter. State Street Corp lifted its holdings in shares of OppFi by 10.8% in the 1st quarter. State Street Corp now owns 44,634 shares of the company’s stock worth $153,000 after purchasing an additional 4,334 shares in the last quarter. Mariner LLC lifted its holdings in shares of OppFi by 24.4% in the 3rd quarter. Mariner LLC now owns 22,838 shares of the company’s stock worth $58,000 after purchasing an additional 4,477 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of OppFi by 20.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 30,259 shares of the company’s stock worth $70,000 after purchasing an additional 5,134 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of OppFi by 479.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,696 shares of the company’s stock worth $29,000 after purchasing an additional 7,196 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors.

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.