OppFi CEO Todd Schwartz buys $24,830 in stock

OppFi Inc., the fintech company led by CEO Todd G. Schwartz, saw its CEO purchase 3,475 shares of Class A Common Stock on August 24, 2026. The acquisition, made in multiple transactions at a weighted average price of $7.1455 per share, amounted to $24,830. This insider buying occurred while OppFi reported second-quarter earnings that fell short of Wall Street expectations, with adjusted earnings per share of $0.33 versus estimated $0.46 and revenue of $145.17 million against expectations of $156.51 million.

Despite a record revenue of $145.17 million, which marked a 1.9% increase year-over-year, OppFi's adjusted net income declined by 27% to $29 million. The company's core lending business saw a 9% year-over-year decline, with originations reaching $212 million. In response to these mixed results, OppFi revised its full-year 2026 guidance, citing delays in launching new credit products and migrating its LOLA system.

OppFi's management also adjusted its price target for shares to $11.00, maintaining a Market Outperform rating, influenced by lower-than-expected volume and competitive pressures. OppFi is planning to invest over $150 million in 2026 to expand its multi-product platform, highlighting ongoing challenges in growth amidst competitive forces and internal strategic shifts.