In a report released today, David Scharf from JMP Securities maintained a Buy rating on OppFi (OPFI – Research Report), with a price target of $3.00. The company’s shares opened today at $2.35.
According to TipRanks, Scharf is a 5-star analyst with an average return of 12.7% and a 54.45% success rate. Scharf covers the Financial sector, focusing on stocks such as Pra Group, Atlanticus Holdings, and Enova International.
OppFi has an analyst consensus of Strong Buy, with a price target consensus of $3.83.
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Based on OppFi’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $78.52 million and a net profit of $2.14 million. In comparison, last year the company earned a revenue of $65.72 million and had a net profit of $3.46 million
Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OPFI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
OppFi Inc. (OPFI) is a financial technology firm offering loans and financial access to customers through bank partnerships. The Chicago-based AI powered platform offers three main products, namely: OppLoans, SalaryTap, and OppFi Card. OppFi targets median U.S. consumers who do not have the option of typical credit acquisition routes.
