Balyasny Asset Management L.P. Invests $80,000 in Oportun Financial Co. (NASDAQ:OPRT)

Balyasny Asset Management L.P. bought a new position in shares of Oportun Financial Co. (NASDAQ:OPRT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 20,490 shares of the company’s stock, valued at approximately $80,000. Balyasny Asset Management L.P. owned 0.06% of Oportun Financial as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in shares of Oportun Financial by 14.1% during the fourth quarter. Bank of America Corp DE now owns 61,193 shares of the company’s stock worth $237,000 after acquiring an additional 7,545 shares during the period. Jane Street Group LLC acquired a new stake in Oportun Financial during the 4th quarter worth approximately $219,000. Schonfeld Strategic Advisors LLC bought a new stake in Oportun Financial in the 4th quarter valued at $148,000. Northern Trust Corp grew its holdings in Oportun Financial by 23.5% in the 4th quarter. Northern Trust Corp now owns 58,486 shares of the company’s stock valued at $227,000 after buying an additional 11,142 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Oportun Financial by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company’s stock valued at $2,205,000 after buying an additional 24,984 shares in the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on shares of Oportun Financial from $6.50 to $5.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Sidoti upgraded shares of Oportun Financial to a “hold” rating in a research report on Thursday, May 1st. Finally, BTIG Research assumed 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. Three 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.50.

Oportun Financial Stock Up 2.1%

OPRT stock opened at $6.89 on Tuesday. Oportun Financial Co. has a 52 week low of $2.37 and a 52 week high of $9.25. The business has a 50-day simple moving average of $5.40 and a 200 day simple moving average of $4.86. The company has a market cap of $258.38 million, a PE ratio of -3.43 and a beta of 1.23.

Oportun Financial Company 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.