David Vennettilli Sells 100,000 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 100,000 shares of OppFi stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $6.45, for a total value of $645,000.00. Following the sale, the director now owns 143,825 shares in the company, valued at $927,671.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

OppFi Stock Down 5.5 %

Shares of NYSE OPFI traded down $0.39 on Wednesday, reaching $6.75. 376,537 shares of the company’s stock traded hands, compared to its average volume of 283,549. The business’s 50 day simple moving average is $4.95 and its two-hundred day simple moving average is $4.08. OppFi Inc. has a 12 month low of $2.35 and a 12 month high of $7.16. The company has a market cap of $582.19 million, a price-to-earnings ratio of 42.19 and a beta of 1.20.

Analysts Set New Price Targets

Separately, Northland Securities boosted their target price on shares of OppFi from $6.00 to $8.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC bought a new stake in OppFi in the third quarter worth $2,457,000. Los Angeles Capital Management LLC purchased a new position in shares of OppFi in the 3rd quarter worth about $355,000. Brendel Financial Advisors LLC bought a new position in OppFi in the 3rd quarter worth about $105,000. Marshall Wace LLP boosted its stake in OppFi by 24.2% in the 2nd quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after purchasing an additional 33,347 shares in the last quarter. Finally, LB Partners LLC grew its position in OppFi by 1.3% during the 2nd 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 last quarter. Institutional investors own 7.10% of the company’s stock.

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.