OppFi: Minimal Catalysts With High Concentration Risk [Seeking Alpha]
OppFi Inc. Class A (OPFI)
Company Research
Source: Seeking Alpha
OPFI stock performance has been weak since going public, but the launch of a new credit-scoring algorithm and the geographic expansion of bank partners could serve as catalysts. Persisting macro challenges and high partnership concentration remain two major risks. OppFi ( NYSE: OPFI ) is a company developing a digital finance platform enabling banks to provide better access to credits for the underbanked segments in the US. Share performance has been relatively weak since going public in November 2020 at the price of $9.9 per share. It was trading sideways the following year, before trending lower to a $2 price level for most of 2022. Despite seeing a 1-year high of $5, the stock is now trading at $2.6 upon a correction. I initiate my coverage with a neutral rating. My 1-year price target of $2.6 presents an 8% upside from $2.4 today. Financial Reviews OPFI's fundamentals are relatively decent. Annual growth has declined from 20% level to around 10% as of FY 2023. In FY 2
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OPFI
News
- OppFi Announces First Quarter 2024 Earnings Conference Call [Yahoo! Finance]Yahoo! Finance
- OppFi Announces First Quarter 2024 Earnings Conference CallBusiness Wire
- OppFi Inc. (NYSE: OPFI) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $5.00 price target on the stock.MarketBeat
- OppFi Announces $0.12 Per Share Special Dividend, $20 Million Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- OppFi Announces $0.12 Per Share Special Dividend, $20 Million Share Repurchase ProgramBusiness Wire
OPFI
Earnings
- 3/7/24 - Beat
OPFI
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- OPFI's page on the SEC website