Cerity Partners LLC Has $371,000 Stock Holdings in Oportun Financial Co. (NASDAQ:OPRT)

Cerity Partners LLC grew its holdings in Oportun Financial Co. (NASDAQ:OPRT) by 291.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,872 shares of the company’s stock after buying an additional 70,608 shares during the quarter. Cerity Partners LLC owned 0.28% of Oportun Financial worth $371,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC raised its stake in shares of Oportun Financial by 407.6% in the 3rd quarter. Acadian Asset Management LLC now owns 538,627 shares of the company’s stock valued at $3,887,000 after buying an additional 432,517 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Oportun Financial during the 3rd quarter worth about $39,000. Barclays PLC increased its position in shares of Oportun Financial by 132.7% during 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 in the last quarter. Citigroup Inc. increased its position in shares of Oportun Financial by 21,717.1% during the 3rd quarter. Citigroup Inc. now owns 89,450 shares of the company’s stock worth $646,000 after purchasing an additional 89,040 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Oportun Financial during the 3rd quarter worth about $347,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on OPRT shares. B. Riley dropped their target price on shares of Oportun Financial from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday. JMP Securities reiterated a “market perform” rating and set a $6.50 target price on shares of Oportun Financial in a research report on Friday, March 15th. Keefe, Bruyette & Woods lowered their price objective on shares of Oportun Financial from $4.50 to $4.00 and set a “market perform” rating for the company in a research report on Thursday, March 14th. Finally, Jefferies Financial Group cut shares of Oportun Financial from a “buy” rating to a “hold” rating and lowered their price objective for the company from $9.00 to $3.50 in a research report on Thursday, March 14th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.00.

Oportun Financial Trading Up 1.6 %

Shares of NASDAQ OPRT opened at $3.15 on Friday. The firm has a market capitalization of $108.85 million, a PE ratio of -0.62 and a beta of 1.26. Oportun Financial Co. has a 1 year low of $2.05 and a 1 year high of $7.73. The firm’s 50-day moving average is $2.98 and its 200-day moving average is $3.59.

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

Oportun Financial Profile

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.