OppFi (NYSE:OPFI) Shares Gap Down – Here’s What Happened

OppFi Inc. (NYSE:OPFI)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $15.42, but opened at $14.92. OppFi shares last traded at $15.40, with a volume of 757,602 shares.

Analyst Upgrades and Downgrades

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

OppFi Stock Down 1.2 %

The stock’s 50-day moving average is $9.88 and its 200-day moving average is $6.78. The firm has a market cap of $1.31 billion, a P/E ratio of 94.99 and a beta of 1.57.

Insider Buying and Selling

In related news, Director David Vennettilli sold 22,301 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $7.68, for a total transaction of $171,271.68. Following the transaction, the director now owns 121,524 shares of the company’s stock, valued at approximately $933,304.32. The trade was a 15.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 84.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OppFi

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in OppFi by 271.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock valued at $173,000 after buying an additional 26,742 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of OppFi in the 3rd quarter worth about $2,457,000. Barclays PLC grew its holdings in shares of OppFi by 95.9% in the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock worth $199,000 after purchasing an additional 20,630 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of OppFi in the 4th quarter worth about $195,000. Finally, Geode Capital Management LLC grew its holdings in shares of OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after purchasing an additional 18,149 shares during the last quarter. Institutional investors own 7.10% of the company’s stock.

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.