Oportun Financial (NASDAQ:OPRT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Oportun Financial (NASDAQ:OPRT) from a buy rating to a strong-buy rating in a report published on Saturday morning,Wall Street Zen reports.

OPRT has been the subject of several other reports. Weiss Ratings raised Oportun Financial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Jefferies Financial Group lifted their target price on Oportun Financial from $6.00 to $9.00 and gave the stock a “hold” rating in a report on Wednesday, October 7th. Finally, Stephens boosted their target price on Oportun Financial from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.75.

Oportun Financial Stock Performance

Shares of NASDAQ:OPRT opened at $9.37 on Friday. The stock has a market capitalization of $430.93 million, a price-to-earnings ratio of 8.43 and a beta of 1.25. The stock’s 50-day simple moving average is $8.16 and its two-hundred day simple moving average is $6.10. Oportun Financial has a 52-week low of $4.03 and a 52-week high of $9.45.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. Oportun Financial had a return on equity of 13.41% and a net margin of 2.05%. The firm had revenue of $233.23 million during the quarter, compared to analyst estimates of $230.68 million. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. As a group, equities analysts forecast that Oportun Financial will post 1.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Kathleen Layton sold 4,223 shares of the business’s 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 completion of the transaction, the insider directly owned 292,006 shares of the company’s stock, valued at approximately $2,277,646.80. The trade was a 1.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 7,082 shares of company stock valued at $55,240 over the last ninety days. Insiders own 1.60% of the company’s stock.

Institutional Trading of Oportun Financial

A number of institutional investors have recently made changes to their positions in the business. Pinnacle Holdings LLC purchased a new stake in Oportun Financial during the 2nd quarter worth approximately $33,000. Abel Hall LLC acquired a new position in Oportun Financial during the 1st quarter valued at approximately $57,000. The Manufacturers Life Insurance Company acquired a new position in Oportun Financial during the 2nd quarter valued at approximately $66,000. Canada Pension Plan Investment Board purchased a new position in shares of Oportun Financial in the second quarter worth $74,000. Finally, State of Wyoming purchased a new position in shares of Oportun Financial in the second quarter worth $76,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

About Oportun Financial

Oportun Financial Corp. is a financial technology company that provides credit products and related financial services to consumers in the United States, with a particular focus on serving Hispanic and other traditionally underserved communities. The company uses data-driven underwriting and digital tools to offer customers access to credit, including borrowers who may have limited credit histories.

Oportun’s primary products have included unsecured personal loans and credit cards. Through its digital platform and customer service channels, the company has also provided tools intended to help consumers manage borrowing, make payments and build or strengthen their credit profiles.

Founded in 2005 as Progreso Financiero, the company adopted the Oportun name in 2015 and became a publicly traded company in 2019.