Squarepoint Ops LLC Invests $79,000 in Oportun Financial Co. (NASDAQ:OPRT)

Squarepoint Ops LLC bought a new position in shares of Oportun Financial Co. (NASDAQ:OPRT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 20,271 shares of the company’s stock, valued at approximately $79,000. Squarepoint Ops LLC owned approximately 0.06% of Oportun Financial as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on OPRT shares. BTIG Research initiated coverage on Oportun Financial in a research report on Wednesday, March 5th. They set a “buy” rating and a $10.00 price objective for the company. Sidoti raised Oportun Financial to a “hold” rating in a research report on Thursday, May 1st. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their price objective 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. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Oportun Financial has an average rating of “Moderate Buy” and an average target price of $7.50.

Oportun Financial Stock Performance

NASDAQ OPRT opened at $6.81 on Tuesday. Oportun Financial Co. has a fifty-two week low of $2.37 and a fifty-two week high of $9.25. The stock has a 50 day simple moving average of $5.63 and a two-hundred day simple moving average of $5.23. The stock has a market cap of $298.75 million, a P/E ratio of -3.39 and a beta of 1.25.

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.