OppFi (NYSE:OPFI) Sets New 52-Week High – Should You Buy?

OppFi Inc. (NYSE:OPFI) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $7.20 and last traded at $7.20, with a volume of 2151 shares changing hands. The stock had previously closed at $7.14.

Wall Street Analyst Weigh In

Separately, Northland Securities increased their target price 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.

OppFi Stock Down 2.7 %

The stock’s 50-day moving average price is $5.00 and its 200 day moving average price is $4.10. The firm has a market capitalization of $566.66 million, a price-to-earnings ratio of 41.07 and a beta of 1.20.

Insider Activity

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 transaction of $155,098.30. Following the completion of the sale, the director now directly owns 99,072 shares in the company, valued at approximately $663,782.40. This trade represents a 18.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Vennettilli sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $6.45, for a total transaction of $645,000.00. Following the sale, the director now owns 143,825 shares of the company’s stock, valued at approximately $927,671.25. The trade was a 41.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 84.00% of the company’s stock.

Institutional Investors Weigh In On OppFi

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of OppFi by 0.6% in the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after purchasing an additional 5,218 shares during the period. Heron Bay Capital Management boosted its stake in shares of OppFi by 18.5% in the first quarter. Heron Bay Capital Management now owns 45,788 shares of the company’s stock valued at $114,000 after purchasing an additional 7,141 shares during the period. LB Partners LLC boosted its stake in shares of OppFi by 1.3% in the second quarter. LB Partners LLC now owns 920,970 shares of the company’s stock valued at $3,122,000 after purchasing an additional 11,948 shares during the period. Bank of New York Mellon Corp lifted 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 worth $124,000 after acquiring an additional 20,048 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in OppFi in the first quarter worth approximately $51,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.

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.