OppFi Inc. (OPFI) shares are experiencing a decline in after-hours trading following recent insider activity. On December 2, 2024, David Vennettilli, a Director at OppFi, sold 22,301 shares of the company. This transaction is part of a broader trend, as Vennettilli has sold a total of 161,187 shares over the past year without making any purchases. The insider selling activity, coupled with the fact that there have been zero insider buys and five insider sells over the same period, may be contributing to investor concerns.
Additionally, the stock's valuation metrics could be influencing the market's reaction. OppFi's price-earnings ratio stands at 64.42, significantly higher than the industry median of 15.995 and the company's historical median. With a trading price of $7.68 and a GF Value of $4.28, the stock is considered significantly overvalued based on its GF Value, which might be causing some investors to reassess their positions.
OppFi's stock is down 0.9% in after-hours trading, with the current price at $7.66, compared to the close price of $7.73 on December 4, 2024.