Oportun Financial Corporation (NASDAQ:OPRT) Receives $7.33 Average PT from Analysts

Shares of Oportun Financial Corporation (NASDAQ:OPRT) have been given an average rating of “Hold” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $7.3333.

Several equities analysts recently issued reports on OPRT shares. Stephens boosted their target price on shares of Oportun Financial from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Wall Street Zen raised Oportun Financial from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a research report on Wednesday, June 24th.

Oportun Financial Stock Down 1.1%

Shares of OPRT stock opened at $7.52 on Thursday. Oportun Financial has a 52-week low of $4.03 and a 52-week high of $8.30. The stock has a market cap of $345.84 million, a PE ratio of 18.80 and a beta of 1.22. The business has a 50-day simple moving average of $5.78 and a 200-day simple moving average of $5.41.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in shares of Oportun Financial by 28.9% in the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock valued at $10,633,000 after buying an additional 433,827 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Oportun Financial during the 1st quarter valued at approximately $132,000. Goldman Sachs Group Inc. raised its position 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 during the period. Empowered Funds LLC boosted its holdings in 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 acquiring an additional 8,752 shares during the period. Finally, Jane Street Group LLC increased 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 period. 82.70% of the stock is owned by institutional investors and hedge funds.

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.