Oportun Financial (NASDAQ:OPRT) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Oportun Financial (NASDAQ:OPRT) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday morning.

A number of other equities research analysts also recently weighed in on OPRT. Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a research note on Monday, December 29th. Zacks Research downgraded shares of Oportun Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Oportun Financial from $6.00 to $5.50 and set an “underweight” rating on the stock in a research note on Thursday, December 4th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.50.

Oportun Financial Trading Down 0.6%

NASDAQ OPRT opened at $5.21 on Friday. The firm’s 50 day simple moving average is $5.17 and its 200 day simple moving average is $5.90. The firm has a market capitalization of $229.92 million, a price-to-earnings ratio of 7.89 and a beta of 1.21. Oportun Financial has a 1 year low of $3.45 and a 1 year high of $9.24.

Oportun Financial (NASDAQ:OPRT) last released its earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.13. The firm had revenue of $238.69 million during the quarter, compared to analysts’ expectations of $238.52 million. Oportun Financial had a return on equity of 17.61% and a net margin of 3.19%. On average, equities research analysts forecast that Oportun Financial will post 0.94 earnings per share for the current year.

Hedge Funds Weigh In On Oportun Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey bought a new stake in Oportun Financial in the second quarter valued at approximately $55,000. Virtu Financial LLC acquired a new position in shares of Oportun Financial in the 3rd quarter worth approximately $64,000. Corsair Capital Management L.P. bought a new stake in shares of Oportun Financial in the 2nd quarter valued at $72,000. PharVision Advisers LLC bought a new stake in shares of Oportun Financial in the 3rd quarter valued at $77,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Oportun Financial during the third quarter worth $80,000. 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.