Oportun Financial Co. (NASDAQ:OPRT) Expected to Earn Q1 2024 Earnings of $0.00 Per Share

Oportun Financial Co. (NASDAQ:OPRT) – Analysts at B. Riley issued their Q1 2024 earnings per share estimates for Oportun Financial in a research report issued on Wednesday, April 24th. B. Riley analyst H. Goetsch expects that the company will earn $0.00 per share for the quarter. B. Riley has a “Buy” rating and a $8.00 price objective on the stock. The consensus estimate for Oportun Financial’s current full-year earnings is ($0.18) per share. B. Riley also issued estimates for Oportun Financial’s Q2 2024 earnings at ($0.14) EPS, Q3 2024 earnings at $0.08 EPS, Q4 2024 earnings at $0.29 EPS, FY2024 earnings at $0.22 EPS and FY2025 earnings at $1.10 EPS.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings data on Tuesday, March 12th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.06). Oportun Financial had a negative return on equity of 31.58% and a negative net margin of 17.02%. The company had revenue of $262.60 million for the quarter, compared to analysts’ expectations of $261.64 million.

A number of other analysts have also weighed in on OPRT. JMP Securities reaffirmed a “market perform” rating and set a $6.50 price objective on shares of Oportun Financial in a research report on Friday, March 15th. Keefe, Bruyette & Woods cut 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. Finally, Jefferies Financial Group lowered Oportun Financial from a “buy” rating to a “hold” rating and dropped their target price for the company from $9.00 to $3.50 in a report on Thursday, March 14th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Oportun Financial has an average rating of “Hold” and an average price target of $6.00.

Oportun Financial Trading Up 1.6 %

Oportun Financial stock opened at $3.15 on Monday. Oportun Financial has a twelve month low of $2.05 and a twelve month high of $7.73. The stock’s fifty day simple moving average is $2.98 and its 200-day simple moving average is $3.54. The firm has a market capitalization of $108.86 million, a P/E ratio of -0.62 and a beta of 1.26.

Hedge Funds Weigh In On Oportun Financial

Several large investors have recently bought and sold shares of OPRT. Findell Capital Management LLC purchased a new position in Oportun Financial in the fourth quarter valued at $7,820,000. Summa Corp. purchased a new position in shares of Oportun Financial during the fourth quarter worth about $2,204,000. Acadian Asset Management LLC grew its holdings in shares of Oportun Financial by 407.6% during the third quarter. Acadian Asset Management LLC now owns 538,627 shares of the company’s stock worth $3,887,000 after purchasing an additional 432,517 shares during the last quarter. Acuitas Investments LLC purchased a new position in shares of Oportun Financial during the third quarter worth about $2,081,000. Finally, Berger Financial Group Inc purchased a new position in shares of Oportun Financial during the third quarter worth about $1,134,000. Hedge funds and other institutional investors own 82.70% of the company’s stock.

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.