OppFi (NYSE:OPFI) Receives “Market Outperform” Rating from JMP Securities

OppFi (NYSE:OPFI)‘s stock had its “market outperform” rating reiterated by research analysts at JMP Securities in a research note issued on Wednesday, Benzinga reports. They presently have a $5.00 target price on the stock. JMP Securities’ price objective would suggest a potential upside of 71.82% from the stock’s current price.

OppFi Stock Performance

OppFi stock traded down $0.02 during trading on Wednesday, reaching $2.91. The company had a trading volume of 145,804 shares, compared to its average volume of 341,744. OppFi has a 1-year low of $1.81 and a 1-year high of $5.34. The firm’s 50-day simple moving average is $3.02 and its 200 day simple moving average is $3.28. The firm has a market capitalization of $322.05 million, a PE ratio of -145.93 and a beta of 1.23.

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

Institutional Trading of OppFi

Several institutional investors and hedge funds have recently bought and sold shares of OPFI. Goldman Sachs Group Inc. purchased a new stake in OppFi in the 2nd quarter valued at about $26,000. JPMorgan Chase & Co. raised its holdings in OppFi by 479.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,696 shares of the company’s stock valued at $29,000 after buying an additional 7,196 shares during the period. Mariner LLC purchased a new stake in OppFi in the 4th quarter valued at about $30,000. Barclays PLC raised its holdings in OppFi by 490.0% in the 3rd quarter. Barclays PLC now owns 14,507 shares of the company’s stock valued at $37,000 after buying an additional 12,048 shares during the period. Finally, Virtu Financial LLC purchased a new stake in OppFi in the 1st quarter valued at about $43,000. 7.10% of the stock is currently owned by hedge funds and other 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.