Oportun Financial (NASDAQ:OPRT) Releases FY 2022 Earnings Guidance

Oportun Financial (NASDAQ:OPRTGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $2.45-$2.56 for the period, compared to the consensus earnings per share estimate of $2.38. The company issued revenue guidance of $910.00 million-$930.00 million, compared to the consensus revenue estimate of $875.26 million.Oportun Financial also updated its Q2 2022 guidance to $0.06-$0.12 EPS.

Several equities analysts have recently commented on OPRT shares. Loop Capital began coverage on Oportun Financial in a report on Monday, March 14th. They set a buy rating and a $24.00 target price for the company. BTIG Research restated a buy rating and issued a $27.00 target price on shares of Oportun Financial in a research report on Thursday, April 14th. Zacks Investment Research raised shares of Oportun Financial from a sell rating to a hold rating in a report on Wednesday, May 11th. Finally, JPMorgan Chase & Co. raised Oportun Financial from a neutral rating to an overweight rating and cut their target price for the stock from $27.00 to $23.00 in a research report on Wednesday, January 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Buy and an average target price of $25.50.

Shares of OPRT opened at $11.44 on Monday. The company’s 50 day moving average price is $13.16 and its 200 day moving average price is $17.78. Oportun Financial has a 52 week low of $10.59 and a 52 week high of $27.95. The company has a market capitalization of $375.31 million, a PE ratio of 4.06 and a beta of 1.37.

Oportun Financial (NASDAQ:OPRTGet Rating) last released its quarterly earnings data on Monday, May 9th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.98. The firm had revenue of $214.70 million during the quarter, compared to analysts’ expectations of $198.40 million. Oportun Financial had a return on equity of 18.01% and a net margin of 12.76%. The business’s revenue for the quarter was up 58.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. As a group, equities analysts predict that Oportun Financial will post 1.63 earnings per share for the current year.

In other Oportun Financial news, Director Louis Miramontes sold 5,357 shares of the stock in a transaction that occurred on Monday, March 14th. The stock was 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 SEC, which is accessible through the SEC website. 12.60% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in Oportun Financial in the 4th quarter worth approximately $3,789,000. Millennium Management LLC acquired a new position in Oportun Financial during the 4th quarter valued at $2,936,000. Citadel Advisors LLC boosted its holdings in Oportun Financial by 466.1% in the 4th quarter. Citadel Advisors LLC now owns 173,999 shares of the company’s stock valued at $3,524,000 after purchasing an additional 143,265 shares during the period. Prudential Financial Inc. acquired a new stake in Oportun Financial in the 1st quarter worth $1,222,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Oportun Financial by 46.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 208,959 shares of the company’s stock worth $3,001,000 after purchasing an additional 66,675 shares during the period. Hedge funds and other 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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