Oportun Financial (NASDAQ:OPRT) PT Lowered to $8.00 at B. Riley

Oportun Financial (NASDAQ:OPRT) had its target price decreased by analysts at B. Riley from $9.00 to $8.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price target suggests a potential upside of 158.06% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Jefferies Financial Group lowered Oportun Financial from a “buy” rating to a “hold” rating and decreased their price target for the stock from $9.00 to $3.50 in a research report on Thursday, March 14th. JMP Securities restated a “market perform” rating and set a $6.50 price target on shares of Oportun Financial in a research report on Friday, March 15th. Finally, Keefe, Bruyette & Woods decreased their price objective on Oportun Financial from $4.50 to $4.00 and set a “market perform” rating on the stock in a research report on Thursday, March 14th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.00.

Oportun Financial Price Performance

NASDAQ OPRT opened at $3.10 on Wednesday. The firm has a market cap of $107.14 million, a PE ratio of -0.61 and a beta of 1.26. Oportun Financial has a one year low of $2.05 and a one year high of $7.73. The stock’s 50 day simple moving average is $2.99 and its 200 day simple moving average is $3.62.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings results on Tuesday, March 12th. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.06). The business had revenue of $262.60 million for the quarter, compared to the consensus estimate of $261.64 million. Oportun Financial had a negative return on equity of 31.58% and a negative net margin of 17.02%. As a group, equities analysts expect that Oportun Financial will post -0.38 earnings per share for the current year.

Institutional Investors Weigh In On Oportun Financial

Several hedge funds and other institutional investors have recently made changes to their positions in OPRT. Bank of New York Mellon Corp increased its stake in shares of Oportun Financial by 3.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 76,347 shares of the company’s stock valued at $551,000 after buying an additional 2,865 shares during the period. Acuitas Investments LLC bought a new position in shares of Oportun Financial in the 3rd quarter worth $2,081,000. Berger Financial Group Inc bought a new position in shares of Oportun Financial in the 3rd quarter worth $1,134,000. Barclays PLC boosted its position in shares of Oportun Financial by 132.7% in the 3rd quarter. Barclays PLC now owns 36,952 shares of the company’s stock worth $267,000 after purchasing an additional 21,071 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Oportun Financial in the 3rd quarter worth $111,000. 82.70% of the stock is owned by institutional investors and hedge funds.

About Oportun Financial

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.