Oportun Financial Co. (NASDAQ:OPRT) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its position in Oportun Financial Co. (NASDAQ:OPRT) by 61.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 80,800 shares of the company’s stock after buying an additional 30,611 shares during the period. Federated Hermes Inc.’s holdings in Oportun Financial were worth $316,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings 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 worth $3,887,000 after purchasing an additional 432,517 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Oportun Financial in the third quarter valued at approximately $39,000. Barclays PLC lifted its position in Oportun Financial by 132.7% during the third quarter. Barclays PLC now owns 36,952 shares of the company’s stock valued at $267,000 after buying an additional 21,071 shares in the last quarter. Citigroup Inc. grew its stake in Oportun Financial by 21,717.1% during the third quarter. Citigroup Inc. now owns 89,450 shares of the company’s stock worth $646,000 after buying an additional 89,040 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Oportun Financial in the third quarter worth $347,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

Wall Street Analyst Weigh In

OPRT has been the subject of a number of research reports. B. Riley decreased their price target 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, April 24th. JMP Securities reiterated a “market perform” rating and issued a $6.50 target price on shares of Oportun Financial in a research note on Friday, March 15th. Keefe, Bruyette & Woods dropped their target price on Oportun Financial from $4.50 to $4.00 and set a “market perform” rating on the stock in a report on Thursday, March 14th. Finally, Jefferies Financial Group cut 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 report on Thursday, March 14th. Four investment 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, the stock presently has an average rating of “Hold” and a consensus target price of $6.00.

Oportun Financial Stock Performance

NASDAQ:OPRT opened at $3.51 on Friday. Oportun Financial Co. has a one year low of $2.05 and a one year high of $7.73. The business’s 50-day simple moving average is $2.93 and its 200 day simple moving average is $3.46. The stock has a market cap of $124.92 million, a price-to-earnings ratio of -0.70 and a beta of 1.13.

Oportun Financial (NASDAQ:OPRT) last announced its earnings results on Tuesday, March 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.06). Oportun Financial had a negative net margin of 17.02% and a negative return on equity of 31.58%. The business had revenue of $262.60 million during the quarter, compared to analyst estimates of $261.64 million. On average, equities research analysts predict that Oportun Financial Co. will post -0.18 EPS for the current 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.