Oportun Financial Corporation $OPRT Shares Acquired by CenterBook Partners LP

CenterBook Partners LP boosted its position in Oportun Financial Corporation (NASDAQ:OPRT) by 70.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 700,833 shares of the company’s stock after acquiring an additional 288,815 shares during the period. CenterBook Partners LP owned about 1.59% of Oportun Financial worth $4,324,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey purchased a new position in Oportun Financial in the second quarter valued at approximately $55,000. Corsair Capital Management L.P. acquired a new stake in shares of Oportun Financial during the second quarter worth $72,000. The Manufacturers Life Insurance Company bought a new stake in shares of Oportun Financial in the 2nd quarter worth approximately $85,000. Flaharty Asset Management LLC acquired a new position in Oportun Financial during the 3rd quarter valued at about $80,000. Finally, New York State Common Retirement Fund acquired a new position in Oportun Financial during the 2nd quarter worth $97,000. 82.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 target price for the company in a research note on Monday, January 12th. Wall Street Zen downgraded shares of Oportun Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Oportun Financial has a consensus rating of “Hold” and an average price target of $8.50.

Oportun Financial Stock Up 4.0%

Shares of Oportun Financial stock opened at $5.23 on Thursday. Oportun Financial Corporation has a 12-month low of $4.05 and a 12-month high of $9.24. The stock has a 50 day moving average price of $5.34 and a two-hundred day moving average price of $5.61. The stock has a market capitalization of $230.80 million, a P/E ratio of 7.92 and a beta of 1.18.

Oportun Financial 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.