Oportun Financial Co. (NASDAQ:OPRT) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of Oportun Financial Co. (NASDAQ:OPRT) by 7.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 82,826 shares of the company’s stock after acquiring an additional 5,901 shares during the period. JPMorgan Chase & Co. owned approximately 0.23% of Oportun Financial worth $321,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Acuitas Investments LLC grew its stake in Oportun Financial by 11.9% during the 4th quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company’s stock worth $4,463,000 after buying an additional 122,360 shares during the last quarter. Geode Capital Management LLC grew its holdings in Oportun Financial by 4.9% during the third quarter. Geode Capital Management LLC now owns 311,450 shares of the company’s stock worth $875,000 after acquiring an additional 14,683 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Oportun Financial by 747.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,300 shares of the company’s stock worth $610,000 after purchasing an additional 138,735 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Oportun Financial by 5.1% during the 4th quarter. Empowered Funds LLC now owns 116,228 shares of the company’s stock valued at $451,000 after acquiring an additional 5,608 shares during the last quarter. Finally, Flaharty Asset Management LLC lifted its holdings in shares of Oportun Financial by 11.1% during the fourth quarter. Flaharty Asset Management LLC now owns 50,000 shares of the company’s stock valued at $194,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.

Analysts Set New Price Targets

OPRT has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Oportun Financial from $6.50 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. BTIG Research assumed coverage on shares of Oportun Financial in a research report on Wednesday, March 5th. They set a “buy” rating and a $10.00 target price on the stock. Finally, JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a research report on Friday, February 14th.

Oportun Financial Stock Up 4.1 %

Shares of OPRT stock opened at $5.33 on Friday. The company has a market capitalization of $192.59 million, a P/E ratio of -2.65 and a beta of 0.86. Oportun Financial Co. has a 12-month low of $2.37 and a 12-month high of $9.25. The firm has a 50-day moving average price of $5.42 and a 200 day moving average price of $4.54.

Oportun Financial (NASDAQ:OPRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. Oportun Financial had a positive return on equity of 5.49% and a negative net margin of 7.86%. As a group, research analysts expect that Oportun Financial Co. will post 0.94 earnings per share for the current year.

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.