David Vennettilli Sells 22,301 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 22,301 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $7.68, for a total value 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. This represents a 15.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

David Vennettilli also recently made the following trade(s):

• On Friday, November 8th, David Vennettilli sold 100,000 shares of OppFi stock. The shares were sold at an average price of $6.45, for a total transaction of $645,000.00.

OppFi Price Performance

Shares of NYSE OPFI opened at $7.33 on Friday. The business has a 50-day moving average of $5.95 and a two-hundred day moving average of $4.59. The company has a market capitalization of $631.95 million, a price-to-earnings ratio of 45.81 and a beta of 1.45. OppFi Inc. has a 1 year low of $2.35 and a 1 year high of $8.54.

Institutional Investors Weigh In On OppFi

Several institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new stake in OppFi during the third quarter worth approximately $60,000. Brendel Financial Advisors LLC purchased a new position in shares of OppFi in the 3rd quarter valued at $105,000. Jane Street Group LLC raised its stake in OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after acquiring an additional 5,795 shares in the last quarter. Bank of New York Mellon Corp raised its stake in OppFi by 120.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after acquiring an additional 20,048 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in OppFi in the third quarter valued at $136,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Northland Securities increased their price objective on shares of OppFi from $6.00 to $8.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

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.