S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
Christopher J. McKay, Chief Risk & Analytics Officer at OppFi Inc. (NYSE:OPFI), recently sold shares of the company's Class A Common Stock, according to a recent SEC filing. The transactions were executed on April 7 and April 8, 2025, under a pre-established trading plan. McKay sold a total of 20,754 shares, generating approximately $164,267. The sale prices ranged from $7.54 to $8.29 per share, with the stock currently trading at $8.64. Following these transactions, McKay holds 217,044 shares directly. For deeper insights into OppFi's valuation and 12+ additional ProTips, visit InvestingPro.
In other recent news, OppFi Inc. reported its fourth-quarter 2024 earnings, surpassing market expectations with an earnings per share (EPS) of $0.23, compared to the forecasted $0.15. Revenue also exceeded predictions, reaching $135.7 million against the anticipated $134.98 million. The company demonstrated a year-over-year revenue increase of 2.1% and a significant 141% rise in adjusted net income to $20.3 million. OppFi's strong financial performance was attributed to successful strategies in credit evaluation and risk-based pricing. Additionally, the company has projected total revenue for 2025 to be between $563 million and $594 million, representing a 7-13% increase. Analysts from firms such as Northland Securities have noted the company's strong growth trends and strategic focus. OppFi's innovative strategies, including the launch of Model 6 for enhanced credit evaluation, have contributed to its competitive position in the lending market.
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