OppFi (NYSE:OPFI) Stock Price Down 4.4% – Should You Sell?

OppFi Inc. (NYSE:OPFI) was down 4.4% during trading on Monday . The company traded as low as $7.71 and last traded at $7.80. Approximately 315,465 shares traded hands during trading, an increase of 6% from the average daily volume of 297,734 shares. The stock had previously closed at $8.16.

Wall Street Analyst Weigh In

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

OppFi Stock Down 5.9 %

The company has a market capitalization of $662.12 million, a P/E ratio of 51.50 and a beta of 1.20. The company has a 50 day simple moving average of $5.71 and a two-hundred day simple moving average of $4.48.

Insider Activity at OppFi

In related news, Director Jocelyn Moore sold 23,149 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $6.70, for a total value of $155,098.30. Following the transaction, the director now owns 99,072 shares of the company’s stock, valued at $663,782.40. This trade represents a 18.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David Vennettilli sold 100,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $6.45, for a total transaction of $645,000.00. Following the completion of the sale, the director now directly owns 143,825 shares of the company’s stock, valued at approximately $927,671.25. This trade represents a 41.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 84.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OppFi

Large investors have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new stake in OppFi in the third quarter valued at approximately $60,000. Brendel Financial Advisors LLC purchased a new position in OppFi during the 3rd quarter worth $105,000. Jane Street Group LLC increased its position in OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after buying an additional 5,795 shares in the last quarter. Bank of New York Mellon Corp raised its stake in OppFi by 120.5% in the second quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock valued at $124,000 after buying an additional 20,048 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in OppFi in the third quarter worth about $136,000. 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.