Oportun Financial (NASDAQ:OPRT) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Oportun Financial (NASDAQ:OPRT) from a hold rating to a strong-buy rating in a research report report published on Saturday morning.

OPRT has been the topic of several other research reports. Stephens raised their price objective on shares of Oportun Financial from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of Oportun Financial in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Oportun Financial presently has a consensus rating of “Hold” and an average target price of $7.33.

Oportun Financial Stock Performance

Oportun Financial stock opened at $8.09 on Friday. Oportun Financial has a 52 week low of $4.03 and a 52 week high of $8.30. The firm has a market capitalization of $371.33 million, a PE ratio of 20.23 and a beta of 1.22. The business’s 50-day simple moving average is $5.62 and its 200-day simple moving average is $5.36.

Oportun Financial (NASDAQ:OPRT) last released its earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The firm had revenue of $233.23 million for the quarter, compared to analyst estimates of $230.68 million. Oportun Financial had a return on equity of 13.55% and a net margin of 2.05%.Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. Research analysts forecast that Oportun Financial will post 1.24 earnings per share for the current year.

Institutional Trading of Oportun Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Oportun Financial during the 2nd quarter worth approximately $19,244,000. Cannell Capital LLC raised its stake in Oportun Financial by 7,067.0% during the second quarter. Cannell Capital LLC now owns 1,601,244 shares of the company’s stock worth $11,465,000 after acquiring an additional 1,578,902 shares in the last quarter. Simcoe Capital LLC bought a new stake in shares of Oportun Financial in the 4th quarter worth about $4,208,000. Millennium Management LLC increased its position in shares of Oportun Financial by 54.1% during the 4th quarter. Millennium Management LLC now owns 1,899,552 shares of the company’s stock worth $10,049,000 after purchasing an additional 667,271 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Oportun Financial by 30.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,106,640 shares of the company’s stock worth $12,998,000 after purchasing an additional 490,608 shares in the last quarter. 82.70% of the stock is currently owned by institutional investors.

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.