Brokerages Set Oportun Financial Corporation (NASDAQ:OPRT) Price Target at $8.50

Oportun Financial Corporation (NASDAQ:OPRT) has earned an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $8.50.

Several equities research analysts have recently commented on the company. Zacks Research cut Oportun Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Oportun Financial in a research note on Monday. Wall Street Zen raised shares of Oportun Financial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 27th. Finally, JPMorgan Chase & Co. decreased their price objective on Oportun Financial from $6.00 to $5.50 and set an “underweight” rating for the company in a research report on Thursday, December 4th.

Oportun Financial Stock Down 4.3%

Oportun Financial stock opened at $5.06 on Monday. The stock has a 50-day simple moving average of $5.18 and a 200 day simple moving average of $5.93. The stock has a market capitalization of $223.30 million, a price-to-earnings ratio of 7.67 and a beta of 1.21. Oportun Financial has a 12-month low of $3.45 and a 12-month high of $9.24.

Oportun Financial (NASDAQ:OPRT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.13. Oportun Financial had a net margin of 3.19% and a return on equity of 17.61%. The firm had revenue of $238.69 million for the quarter, compared to analyst estimates of $238.52 million. As a group, sell-side analysts anticipate that Oportun Financial will post 0.94 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of OPRT. Jump Financial LLC bought a new stake in Oportun Financial during the 1st quarter worth about $395,000. Acadian Asset Management LLC grew its holdings in shares of Oportun Financial by 1.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,069,116 shares of the company’s stock valued at $7,652,000 after acquiring an additional 13,842 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Oportun Financial by 164.1% in the first quarter. Cubist Systematic Strategies LLC now owns 140,199 shares of the company’s stock valued at $770,000 after acquiring an additional 87,119 shares during the last quarter. OMERS ADMINISTRATION Corp raised its holdings in Oportun Financial by 149.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 77,500 shares of the company’s stock worth $425,000 after acquiring an additional 46,400 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Oportun Financial by 54.0% during the first quarter. American Century Companies Inc. now owns 54,619 shares of the company’s stock valued at $300,000 after purchasing an additional 19,156 shares during the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

Oportun Financial Company Profile

Oportun Financial Corporation (NASDAQ: OPRT) is a financial technology company that provides consumer lending products aimed at serving the underbanked and credit-invisible population in the United States. Headquartered in Redwood City, California, Oportun operates a digital platform that enables borrowers to access credit through unsecured personal installment loans, secured credit-builder loans and a proprietary mobile wallet. The company leverages machine learning and alternative data sources to assess creditworthiness, extending financial services to customers with limited or no traditional credit history.

The company’s core offerings include fixed-term installment loans designed to help individuals cover unexpected expenses, consolidate debt or build credit.