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

OppFi (NYSE:OPFI) had its price objective increased by stock analysts at Northland Securities from $6.00 to $8.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ price target points to a potential upside of 25.20% from the stock’s previous close.

OppFi Stock Performance

Shares of NYSE:OPFI traded down $0.23 during mid-day trading on Friday, hitting $6.39. 395,220 shares of the company traded hands, compared to its average volume of 276,967. The firm has a market cap of $551.16 million, a P/E ratio of 80.38 and a beta of 1.20. OppFi has a 52-week low of $2.30 and a 52-week high of $6.87. The firm’s 50 day simple moving average is $4.78 and its 200 day simple moving average is $3.97.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.12. OppFi had a net margin of 1.00% and a return on equity of 28.73%. The company had revenue of $126.30 million during the quarter, compared to analysts’ expectations of $121.14 million. During the same period in the prior year, the company posted $0.19 EPS. Equities research analysts expect that OppFi will post 0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On OppFi

Hedge funds and other institutional investors have recently modified their holdings of the stock. Segall Bryant & Hamill LLC acquired a new position in shares of OppFi in the 3rd quarter valued at $2,457,000. Los Angeles Capital Management LLC bought a new stake in OppFi in the third quarter worth approximately $355,000. Brendel Financial Advisors LLC bought a new stake in shares of OppFi during the 3rd quarter worth about $105,000. Marshall Wace LLP grew its holdings in OppFi by 24.2% during the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock valued at $581,000 after purchasing an additional 33,347 shares during the last quarter. Finally, LB Partners LLC raised its holdings in OppFi by 1.3% in the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company’s stock worth $3,122,000 after acquiring an additional 11,948 shares during the period. 7.10% of the stock is currently owned by institutional investors.

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.