Oportun Financial Corporation (NASDAQ:OPRT) Receives Consensus Rating of “Hold” from Brokerages

Shares of Oportun Financial Corporation (NASDAQ:OPRT) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $8.50.

Several analysts have recently issued reports on OPRT shares. Wall Street Zen lowered shares of Oportun Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. raised shares of Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 target price on the stock in a research report on Monday, January 12th.

Institutional Investors Weigh In On Oportun Financial

Several large investors have recently modified their holdings of OPRT. Millennium Management LLC lifted its holdings in Oportun Financial by 28.9% during the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock valued at $10,633,000 after purchasing an additional 433,827 shares during the last quarter. NewEdge Advisors LLC bought a new position in Oportun Financial in the 1st quarter worth about $132,000. Goldman Sachs Group Inc. raised its stake in Oportun Financial by 499.3% in the first quarter. Goldman Sachs Group Inc. now owns 313,446 shares of the company’s stock valued at $1,721,000 after purchasing an additional 261,147 shares in the last quarter. Empowered Funds LLC raised its position in shares of Oportun Financial by 7.5% during the 1st quarter. Empowered Funds LLC now owns 124,980 shares of the company’s stock valued at $686,000 after buying an additional 8,752 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Oportun Financial by 238.6% during the first quarter. Jane Street Group LLC now owns 191,066 shares of the company’s stock worth $1,049,000 after purchasing an additional 134,643 shares during the last quarter. Hedge funds and other institutional investors own 82.70% of the company’s stock.

Oportun Financial Stock Up 0.8%

Shares of NASDAQ:OPRT opened at $4.96 on Tuesday. The business’s 50 day moving average is $5.36 and its 200 day moving average is $5.61. Oportun Financial has a 12-month low of $4.05 and a 12-month high of $9.24. The stock has a market cap of $218.88 million, a price-to-earnings ratio of 7.52 and a beta of 1.18.

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.