Oportun Financial (NASDAQ:OPRT) Updates FY22 Earnings Guidance

Oportun Financial (NASDAQ:OPRTGet Rating) updated its FY22 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.45-2.56 for the period, compared to the consensus estimate of $2.38. The company issued revenue guidance of $910-930 million, compared to the consensus revenue estimate of $895.17 million.Oportun Financial also updated its FY 2022 guidance to $2.45-$2.56 EPS.

Several equities research analysts have issued reports on OPRT shares. Loop Capital assumed coverage on shares of Oportun Financial in a research note on Monday, March 14th. They set a buy rating and a $24.00 target price on the stock. Zacks Investment Research upgraded Oportun Financial from a sell rating to a hold rating in a research note on Saturday, April 30th. BTIG Research reaffirmed a buy rating and set a $27.00 price target on shares of Oportun Financial in a report on Thursday, April 14th. Barclays reduced their price target on Oportun Financial from $28.00 to $27.00 and set an overweight rating for the company in a report on Monday, January 10th. Finally, JPMorgan Chase & Co. raised shares of Oportun Financial from a neutral rating to an overweight rating and reduced their price objective for the stock from $27.00 to $23.00 in a research note on Wednesday, January 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of $25.50.

OPRT stock traded up $0.74 during trading on Tuesday, hitting $11.53. The stock had a trading volume of 5,873 shares, compared to its average volume of 136,808. Oportun Financial has a 1-year low of $10.59 and a 1-year high of $27.95. The company has a market capitalization of $378.26 million, a PE ratio of 7.41 and a beta of 1.37. The company has a 50 day moving average price of $13.42.

Oportun Financial (NASDAQ:OPRTGet Rating) last announced its earnings results on Monday, May 9th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $0.60 by $0.98. Oportun Financial had a return on equity of 12.00% and a net margin of 7.56%. The business had revenue of $214.70 million during the quarter, compared to the consensus estimate of $198.40 million. During the same period in the prior year, the business posted $0.27 earnings per share. Oportun Financial’s revenue was up 58.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oportun Financial will post 1.54 EPS for the current year.

In other Oportun Financial news, Director Louis Miramontes sold 5,357 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $13.76, for a total transaction of $73,712.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in OPRT. Legal & General Group Plc lifted its stake 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 worth $104,000 after buying an additional 3,443 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Oportun Financial by 224.4% in the 4th 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 acquired a new position in shares of Oportun Financial during the 4th quarter worth $217,000. Credit Suisse AG purchased a new stake in shares of Oportun Financial in the 4th quarter worth about $254,000. Finally, Deutsche Bank AG lifted its holdings in shares of Oportun Financial by 5.5% during the 4th quarter. Deutsche Bank AG now owns 12,657 shares of the company’s stock worth $256,000 after acquiring an additional 658 shares during the period. 70.58% of the stock is currently owned by hedge funds and other 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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