Oportun Financial (NASDAQ:OPRT) Earns Underweight Rating from JPMorgan Chase & Co.

Oportun Financial (NASDAQ:OPRT)‘s stock had its “underweight” rating reissued by analysts at JPMorgan Chase & Co. in a report issued on Tuesday,Benzinga reports. They currently have a $6.00 target price on the stock, down from their prior target price of $8.00. JPMorgan Chase & Co.‘s price target indicates a potential upside of 4.53% from the company’s previous close.

A number of other equities research analysts have also recently commented on OPRT. Stephens initiated coverage on shares of Oportun Financial in a report on Thursday, June 12th. They issued an “overweight” rating and a $10.00 price target for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Oportun Financial in a research note on Saturday, September 27th. Finally, Wall Street Zen raised Oportun Financial from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.67.

Oportun Financial Stock Down 1.0%

Shares of OPRT stock opened at $5.74 on Tuesday. The firm has a 50 day moving average of $6.32 and a 200-day moving average of $6.17. The company has a market cap of $252.62 million, a price-to-earnings ratio of -28.70 and a beta of 1.30. Oportun Financial has a 52 week low of $2.40 and a 52 week high of $9.24.

Insider Transactions at Oportun Financial

In related news, insider Kathleen I. Layton sold 4,214 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $6.64, for a total value of $27,980.96. Following the completion of the sale, the insider directly owned 159,184 shares of the company’s stock, valued at approximately $1,056,981.76. This represents a 2.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 9.30% of the company’s stock.

Institutional Trading of Oportun Financial

Several institutional investors and hedge funds have recently made changes to their positions in OPRT. Bank of America Corp DE boosted its holdings in Oportun Financial by 14.1% during the fourth quarter. Bank of America Corp DE now owns 61,193 shares of the company’s stock worth $237,000 after purchasing an additional 7,545 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Oportun Financial in the 4th quarter worth approximately $79,000. Telos Capital Management Inc. grew its holdings in shares of Oportun Financial by 50.0% in the first quarter. Telos Capital Management Inc. now owns 20,015 shares of the company’s stock valued at $110,000 after acquiring an additional 6,672 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Oportun Financial during the first quarter valued at approximately $374,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Oportun Financial during the first quarter worth $88,000. Hedge funds and other institutional investors own 82.70% of the company’s stock.

About Oportun Financial

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.