Oportun Financial (NASDAQ:OPRT – Get Rating) released its earnings results on Monday. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.98, MarketWatch Earnings reports. Oportun Financial had a net margin of 7.56% and a return on equity of 12.00%. The business had revenue of $214.70 million during the quarter, compared to analysts’ expectations of $198.40 million. During the same period last year, the business earned $0.27 earnings per share. The firm’s revenue was up 58.7% on a year-over-year basis.
Shares of Oportun Financial stock opened at $10.79 on Tuesday. The company has a 50-day simple moving average of $13.42. The company has a market capitalization of $353.99 million, a PE ratio of 6.96 and a beta of 1.37. Oportun Financial has a 52-week low of $10.59 and a 52-week high of $27.95.
Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Oportun Financial from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th. JPMorgan Chase & Co. upgraded shares of Oportun Financial from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $27.00 to $23.00 in a report on Wednesday, January 19th. Loop Capital started coverage on shares of Oportun Financial in a report on Monday, March 14th. They issued a “buy” rating and a $24.00 price objective on the stock. Barclays decreased their price objective on shares of Oportun Financial from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, January 10th. Finally, BTIG Research reiterated a “buy” rating and issued a $27.00 price objective on shares of Oportun Financial in a report on Thursday, April 14th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $25.50.
Institutional investors have recently made changes to their positions in the company. Legal & General Group Plc boosted its position in shares of Oportun Financial by 200.8% in the fourth quarter. Legal & General Group Plc now owns 5,158 shares of the company’s stock valued at $104,000 after acquiring an additional 3,443 shares during the period. Citigroup Inc. boosted its position in shares of Oportun Financial by 224.4% in the fourth quarter. Citigroup Inc. now owns 7,433 shares of the company’s stock valued at $151,000 after acquiring an additional 5,142 shares during the period. Parametric Portfolio Associates LLC bought a new stake in Oportun Financial during the fourth quarter worth about $217,000. Credit Suisse AG bought a new stake in Oportun Financial during the fourth quarter worth about $254,000. Finally, Deutsche Bank AG lifted its position in Oportun Financial by 5.5% during the fourth quarter. Deutsche Bank AG now owns 12,657 shares of the company’s stock worth $256,000 after purchasing an additional 658 shares during the period. 70.58% of the stock is owned by institutional investors.
Oportun Financial Company Profile (Get Rating)
Oportun Financial Corporation provides financial services. It offers personal loans, auto loans, and credit cards. The company serves customers online and over-the-phone, as well as through retail locations. It operates in 24 states in the United States, which include Arkansas, Delaware, Indiana, Kentucky, Mississippi, Montana, North Dakota, New Hampshire, Oregon, South Carolina, South Dakota, and Virginia.
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