Oportun Financial Corporation (NASDAQ:OPRT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Oportun Financial Corporation (NASDAQ:OPRT) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.33.

OPRT has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Oportun Financial from $6.50 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Sidoti upgraded shares of Oportun Financial to a “hold” rating in a research note on Thursday, May 1st. Finally, Stephens began coverage on shares of Oportun Financial in a research note on Thursday, June 12th. They issued an “overweight” rating and a $10.00 price target on the stock.

Oportun Financial Price Performance

NASDAQ:OPRT opened at $7.09 on Monday. The firm’s fifty day moving average price is $6.57 and its two-hundred day moving average price is $5.65. Oportun Financial has a one year low of $2.37 and a one year high of $9.25. The company has a market cap of $310.82 million, a P/E ratio of -6.33 and a beta of 1.24.

Institutional Investors Weigh In On Oportun Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bridgeway Capital Management LLC lifted its holdings in shares of Oportun Financial by 1.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 237,728 shares of the company’s stock worth $922,000 after acquiring an additional 3,008 shares during the last quarter. Barclays PLC lifted its holdings in shares of Oportun Financial by 26.5% in the fourth quarter. Barclays PLC now owns 24,447 shares of the company’s stock worth $96,000 after acquiring an additional 5,114 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Oportun Financial by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 317,050 shares of the company’s stock worth $1,230,000 after acquiring an additional 5,600 shares during the last quarter. JPMorgan Chase & Co. lifted 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 worth $321,000 after acquiring an additional 5,901 shares during the last quarter. Finally, Telos Capital Management Inc. lifted its holdings in shares of Oportun Financial by 50.0% in the first quarter. Telos Capital Management Inc. now owns 20,015 shares of the company’s stock worth $110,000 after acquiring an additional 6,672 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.

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.