Oppfi CEO Todd Schwartz buys $422,988 in company stock
OppFi CEO Todd Schwartz acquired 60,000 shares of the company's Class A Common Stock on August 12, 2026, for a total of $422,988. The shares were bought at a weighted average price of $7.0498, with individual prices ranging from $6.90 to $7.17. After the purchase, Schwartz indirectly owns 493,733 shares through the TGS Revocable Trust.
This acquisition follows a recent drop in OPFi stock price, which has fallen nearly 30% over the past week to $6.86. OPFi is engaging in aggressive share buybacks, and the stock appears undervalued based on Fair Value metrics, trading at a P/E ratio of just 3.22. Schwartz also indirectly owns a significant number of shares through TGS Capital Group, LP, and TGS MCS Capital Group LP.
However, OppFi reported second-quarter results that fell short of expectations, with adjusted earnings of $0.33 per share on $145.17 million in revenue, missing analyst estimates of $0.46 per share and $156.51 million in revenue. The company's originations declined by 9% year over year to $212 million. OppFi plans to invest over $150 million in 2026 to expand its multi-product platform.
Analysts have lowered their price targets for OppFi shares, citing lower-than-expected second-quarter volume and competitive pressures.
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