Oportun Financial (NASDAQ:OPRT) Lifted to Hold at Zacks Investment Research

Oportun Financial (NASDAQ:OPRTGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Oportun Financial Corporation is a Community Development Financial Institution providing financial services. It operates primarily in Arizona, California, Florida, Idaho, Illinois, Missouri, Nevada, New Jersey, New Mexico, Texas, Utah and Wisconsin. Oportun Financial Corporation is based in SAN CARLOS, Calif. “

OPRT has been the topic of a number of other reports. Loop Capital began coverage on shares of Oportun Financial in a research report on Monday, March 14th. They issued a “buy” rating and a $24.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of Oportun Financial from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $27.00 to $23.00 in a research report on Wednesday, January 19th. Finally, BTIG Research restated a “buy” rating and issued a $27.00 price objective on shares of Oportun Financial in a research 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $25.50.

NASDAQ:OPRT opened at $11.84 on Wednesday. The firm has a market capitalization of $388.43 million, a price-to-earnings ratio of 7.64 and a beta of 1.37. Oportun Financial has a 12 month low of $10.59 and a 12 month high of $27.95. The company has a 50-day moving average price of $13.34.

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

In related news, Director Louis Miramontes sold 5,357 shares of the business’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 value of $73,712.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.60% of the company’s stock.

Several institutional investors have recently modified their holdings of OPRT. Versant Capital Management Inc bought a new stake in shares of Oportun Financial during the 1st quarter valued at $38,000. Dorsey Wright & Associates bought a new stake in shares of Oportun Financial during the 4th quarter valued at $43,000. Citigroup Inc. raised its position in shares of Oportun Financial by 92.2% during the 3rd quarter. Citigroup Inc. now owns 2,291 shares of the company’s stock valued at $57,000 after acquiring an additional 1,099 shares during the last quarter. Concourse Financial Group Securities Inc. bought a new stake in shares of Oportun Financial during the 4th quarter valued at $60,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Oportun Financial by 46.3% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,578 shares of the company’s stock valued at $94,000 after acquiring an additional 1,448 shares during the last quarter. Institutional investors own 70.58% of the company’s stock.

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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