Northland Securities Boosts OppFi (NYSE:OPFI) Price Target to $8.00

OppFi (NYSE:OPFI) had its price objective lifted by Northland Securities from $6.00 to $8.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an outperform rating on the stock.

OppFi Stock Performance

Shares of OppFi stock opened at $6.83 on Friday. The firm’s 50-day simple moving average is $4.86 and its 200-day simple moving average is $4.03. OppFi has a twelve month low of $2.35 and a twelve month high of $7.09. The firm has a market cap of $589.11 million, a P/E ratio of 42.69 and a beta of 1.20.

Hedge Funds Weigh In On OppFi

Several institutional investors have recently added to or reduced their stakes in OPFI. Acadian Asset Management LLC bought a new position in OppFi during the 1st quarter valued at about $51,000. Brendel Financial Advisors LLC bought a new position in shares of OppFi in the third quarter worth about $105,000. Heron Bay Capital Management raised 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 worth $114,000 after acquiring an additional 7,141 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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, Los Angeles Capital Management LLC bought a new position in shares of OppFi in the third quarter worth about $355,000. 7.10% of the stock is owned by 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.