Oportun Financial Corporation (NASDAQ:OPRT) Receives $8.50 Consensus PT from Analysts

Oportun Financial Corporation (NASDAQ:OPRT) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $8.50.

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday, December 29th. Zacks Research downgraded Oportun Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. upgraded Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 price target on the stock in a research report on Monday, January 12th. Finally, Wall Street Zen downgraded Oportun Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 20th.

Oportun Financial Stock Performance

Shares of Oportun Financial stock opened at $5.49 on Friday. The firm has a 50-day moving average of $5.30 and a 200-day moving average of $5.70. Oportun Financial has a 52-week low of $3.96 and a 52-week high of $9.24. The stock has a market cap of $242.27 million, a PE ratio of 8.32 and a beta of 1.21.

Oportun Financial (NASDAQ:OPRT) last issued its quarterly earnings data 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. Oportun Financial had a net margin of 3.19% and a return on equity of 17.61%. The business had revenue of $238.69 million during the quarter, compared to analysts’ expectations of $238.52 million. Equities research analysts predict that Oportun Financial will post 0.94 earnings per share for the current fiscal year.

Institutional Trading of Oportun Financial

Several large investors have recently made changes to their positions in OPRT. State of Alaska Department of Revenue bought a new position in Oportun Financial in the fourth quarter valued at approximately $58,000. Daytona Street Capital LLC acquired a new stake in shares of Oportun Financial in the 4th quarter valued at $106,000. Acuitas Investments LLC increased its stake in shares of Oportun Financial by 20.4% in the 3rd quarter. Acuitas Investments LLC now owns 892,449 shares of the company’s stock valued at $5,506,000 after purchasing an additional 151,008 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of Oportun Financial in the 3rd quarter valued at $77,000. Finally, Prosperity Wealth Management Inc. acquired a new position in shares of Oportun Financial during the 3rd quarter worth $286,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

About Oportun Financial

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.