Zacks Research Upgrades Oportun Financial (NASDAQ:OPRT) to “Strong-Buy”

Oportun Financial (NASDAQ:OPRT – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday, Zacks reports.

Several other equities analysts also recently weighed in on the company. Stephens increased their target price on Oportun Financial from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 4th. Jefferies Financial Group lifted their price target on Oportun Financial from $6.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, October 7th. Weiss Ratings raised shares of Oportun Financial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen raised shares of Oportun Financial from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 24th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Read Our Latest Stock Report on OPRT

Oportun Financial Stock Performance

Shares of OPRT opened at $11.80 on Tuesday. Oportun Financial has a 1 year low of $4.03 and a 1 year high of $13.34. The company’s 50 day simple moving average is $9.01 and its 200 day simple moving average is $6.46. The company has a market capitalization of $543.74 million, a price-to-earnings ratio of 15.95 and a beta of 1.29.

Oportun Financial (NASDAQ:OPRT – Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. Oportun Financial had a net margin of 3.88% and a return on equity of 14.67%. The firm had revenue of $246.28 million during the quarter, compared to analysts’ expectations of $237.87 million. Equities analysts expect that Oportun Financial will post 1.50 EPS for the current fiscal year.

Insider Activity at Oportun Financial

In related news, insider Kathleen Layton sold 4,223 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $7.80, for a total value of $32,939.40. Following the transaction, the insider directly owned 292,006 shares of the company’s stock, valued at approximately $2,277,646.80. This trade represents a 1.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 7,082 shares of company stock worth $55,240. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Group One Trading LLC increased its stake in Oportun Financial by 226.8% during the third quarter. Group One Trading LLC now owns 7,590 shares of the company’s stock worth $62,000 after acquiring an additional 13,578 shares during the last quarter. Ieq Capital LLC purchased a new position in shares of Oportun Financial in the 3rd quarter worth about $327,000. Russell Investments Group Ltd. lifted its stake in shares of Oportun Financial by 4.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 64,344 shares of the company’s stock valued at $524,000 after purchasing an additional 2,465 shares in the last quarter. R Squared Ltd acquired a new position in shares of Oportun Financial in the 3rd quarter valued at about $90,000. Finally, CenterBook Partners LP acquired a new position in shares of Oportun Financial in the 3rd quarter valued at about $7,068,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

Trending Headlines about Oportun Financial

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Oportun Financial Company Profile

(Get Free Report)

Oportun Financial provides consumer financial products designed primarily for people with limited or no credit history. Its offerings include personal loans and credit cards, supported by technology intended to help customers access credit and build their financial histories. Founded in 2005 as Progreso Financiero, the company later adopted the Oportun name. It serves customers in the United States through digital channels and a network of retail locations. Oportun has also offered savings-related services, including automated savings tools.

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Analyst Recommendations for Oportun Financial (NASDAQ:OPRT)

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