OppFi downgraded to Market Perform from Outperform at JMP Securities

JMP Securities downgraded OppFi (OPFI) to Market Perform from Outperform without a price target The shares have appreciated by 400% over the last year, by 225% since the beginning of Q4, and by 100% year-to-date over just the past six weeks, the analyst tells investors in a research note. The firm says that aside from raised exposure on some retail investor-oriented forums, it is not aware of any incremental fundamental driver of the appreciation. As such, JMP believes the shares are fairly valued at current levels.