Oportun Financial (NASDAQ:OPRT) Upgraded at Sidoti

Sidoti upgraded shares of Oportun Financial (NASDAQ:OPRT) to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

A number of other research analysts have also recently commented on the company. BTIG Research began coverage on Oportun Financial in a research note on Wednesday, March 5th. They issued a “buy” rating and a $10.00 price target for the company. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price target on Oportun Financial from $6.50 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.50.

Oportun Financial Stock Performance

Shares of Oportun Financial stock opened at $5.33 on Thursday. Oportun Financial has a 52-week low of $2.37 and a 52-week high of $9.25. The firm has a market cap of $192.59 million, a PE ratio of -2.65 and a beta of 0.86. The business’s 50 day simple moving average is $5.42 and its 200 day simple moving average is $4.55.

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

Institutional Investors Weigh In On Oportun Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bridgeway Capital Management LLC raised its stake in shares of Oportun Financial by 1.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 237,728 shares of the company’s stock valued at $922,000 after acquiring an additional 3,008 shares during the last quarter. Flaharty Asset Management LLC boosted its stake in Oportun Financial by 11.1% in the 4th quarter. Flaharty Asset Management LLC now owns 50,000 shares of the company’s stock worth $194,000 after purchasing an additional 5,000 shares in the last quarter. Barclays PLC increased its position in shares of Oportun Financial by 26.5% during the fourth quarter. Barclays PLC now owns 24,447 shares of the company’s stock valued at $96,000 after acquiring an additional 5,114 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Oportun Financial by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 317,050 shares of the company’s stock worth $1,230,000 after purchasing an additional 5,600 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Oportun Financial by 5.1% in the 4th quarter. Empowered Funds LLC now owns 116,228 shares of the company’s stock worth $451,000 after buying an additional 5,608 shares in the last quarter. 82.70% of the stock is owned by hedge funds and other institutional investors.

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.