Todd G. Schwartz, Chief Executive Officer, Director, and 10% Owner of OppFi Inc. (), acquired 60,000 shares of the company’s Class A Common Stock on August 13, 2026. The total value of the purchased shares amounted to $427,680. The insider purchase comes as the stock has declined 24% over the past week, currently trading at $7.13.
The shares were acquired at a weighted average price of $7.128 per share. The transactions involved multiple purchases with prices ranging from $7.0108 to $7.44 per share.
Following these transactions, Mr. Schwartz indirectly beneficially owns 553,733 shares through the TGS Revocable Trust, for which he serves as the sole trustee. He also indirectly beneficially owns 24,656,083 shares through TGS Capital Group, LP, and 1,949,309 shares through TGS MCS Capital Group LP. Mr. Schwartz is the manager of the general partner for both TGS Capital Group, LP and TGS MCS Capital Group LP, and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.The company trades at a P/E ratio of 3.37, and InvestingPro analysis suggests the stock is currently undervalued. Investors seeking deeper insights can access 10 additional ProTips and comprehensive financial metrics on the platform.
In other recent news, OppFi reported second-quarter financial results that fell short of Wall Street expectations, impacting both earnings and revenue. The company posted adjusted earnings of $0.33 per share on revenue of $145.17 million, missing analyst estimates of $0.46 per share and $156.51 million in revenue. This earnings miss was further highlighted by a 27% drop in adjusted net income to $29 million compared to the prior year. Despite revenue reaching a second-quarter record, it only rose 1.9% year over year, indicating modest growth. Additionally, originations declined by 9% year over year to $212 million, reflecting slower growth in OppFi’s core lending business. Management has revised its full-year 2026 guidance due to delays in launching a new line of credit product and migrating to the LOLA system. In response to these developments, Citizens lowered its price target for OppFi shares from $15.00 to $11.00, while maintaining a Market Outperform rating, citing lower-than-expected volume and increased competition as contributing factors. The company also announced plans to invest over $150 million in 2026 to expand its multi-product platform.
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