Oportun Financial Co. (NASDAQ:OPRT) Position Increased by Barclays PLC

Barclays PLC boosted its stake in shares of Oportun Financial Co. (NASDAQ:OPRT) by 26.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,447 shares of the company’s stock after purchasing an additional 5,114 shares during the period. Barclays PLC owned about 0.07% of Oportun Financial worth $96,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Oportun Financial by 747.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,300 shares of the company’s stock worth $610,000 after buying an additional 138,735 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Oportun Financial by 22.5% in the 4th quarter. Renaissance Technologies LLC now owns 424,600 shares of the company’s stock valued at $1,647,000 after purchasing an additional 77,907 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Oportun Financial by 5.1% in the fourth 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. JPMorgan Chase & Co. raised its holdings in shares of Oportun Financial by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 82,826 shares of the company’s stock valued at $321,000 after buying an additional 5,901 shares during the last quarter. Finally, Acuitas Investments LLC lifted its position in shares of Oportun Financial by 11.9% during the fourth quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company’s stock worth $4,463,000 after purchasing an additional 122,360 shares in the last quarter. Hedge funds and other institutional investors own 82.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OPRT. JMP Securities reaffirmed a “market perform” rating on shares of Oportun Financial in a research note on Friday, February 14th. BTIG Research began coverage on Oportun Financial in a research note on Wednesday, March 5th. They issued a “buy” rating and a $10.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on Oportun Financial from $6.50 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, Sidoti upgraded Oportun Financial to a “hold” rating in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.50.

Oportun Financial Trading Down 1.9%

Shares of OPRT stock opened at $7.15 on Thursday. The stock has a market cap of $268.13 million, a P/E ratio of -3.56 and a beta of 1.23. The stock has a 50 day simple moving average of $5.35 and a 200 day simple moving average of $4.74. Oportun Financial Co. has a 1 year low of $2.37 and a 1 year high of $9.25.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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%. Analysts forecast that Oportun Financial Co. will post 0.94 EPS 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.