Oportun Financial (NASDAQ:OPRT) Now Covered by Stephens

Stephens began coverage on shares of Oportun Financial (NASDAQ:OPRT) in a research note released on Thursday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $10.00 price target on the stock.

A number of other research analysts also recently weighed in on OPRT. BTIG Research started coverage on Oportun Financial in a research note on Wednesday, March 5th. They issued a “buy” rating and a $10.00 price objective on the stock. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a research note on Friday, February 14th. Sidoti raised Oportun Financial to a “hold” rating in a research note on Thursday, May 1st. 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 note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Oportun Financial currently has an average rating of “Moderate Buy” and a consensus target price of $8.33.

Oportun Financial Price Performance

OPRT opened at $7.01 on Thursday. Oportun Financial has a fifty-two week low of $2.37 and a fifty-two week high of $9.25. The business has a 50-day moving average of $5.78 and a 200-day moving average of $5.28. The company has a market capitalization of $307.53 million, a PE ratio of -3.49 and a beta of 1.25.

Institutional Trading of Oportun Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPRT. Squarepoint Ops LLC acquired a new stake in Oportun Financial in the 4th quarter valued at approximately $79,000. Balyasny Asset Management L.P. acquired a new stake in Oportun Financial in the 4th quarter valued at approximately $80,000. Charles Schwab Investment Management Inc. acquired a new stake in Oportun Financial in the 1st quarter valued at approximately $88,000. Barclays PLC grew its holdings in Oportun Financial by 26.5% in the 4th quarter. Barclays PLC now owns 24,447 shares of the company’s stock valued at $96,000 after buying an additional 5,114 shares during the last quarter. Finally, Telos Capital Management Inc. grew its holdings in Oportun Financial by 50.0% in the 1st quarter. Telos Capital Management Inc. now owns 20,015 shares of the company’s stock valued at $110,000 after buying an additional 6,672 shares during the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.

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.