OppFi’s (OPFI) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reiterated their market outperform rating on shares of OppFi (NYSE:OPFI) in a research note released on Wednesday, Benzinga reports. They currently have a $5.00 price objective on the stock.

OppFi Trading Up 3.8 %

Shares of OPFI stock opened at $2.99 on Wednesday. The stock has a market cap of $330.90 million, a P/E ratio of -149.43 and a beta of 1.23. The stock has a 50 day simple moving average of $3.01 and a 200 day simple moving average of $3.28. OppFi has a 1 year low of $1.81 and a 1 year high of $5.34.

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

OppFi Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 19th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 18th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OPFI. Goldman Sachs Group Inc. acquired a new position in OppFi during the second quarter valued at approximately $26,000. JPMorgan Chase & Co. increased its holdings in shares of OppFi by 479.7% during the second quarter. JPMorgan Chase & Co. now owns 8,696 shares of the company’s stock worth $29,000 after buying an additional 7,196 shares in the last quarter. Mariner LLC acquired a new position in shares of OppFi during the fourth quarter worth $30,000. Barclays PLC increased its holdings in shares of OppFi by 490.0% during the third quarter. Barclays PLC now owns 14,507 shares of the company’s stock worth $37,000 after buying an additional 12,048 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of OppFi during the first quarter worth $43,000. 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.