Oportun Financial Corporation (NASDAQ:OPRT) Receives $9.33 Consensus Price Target from Brokerages

Shares of Oportun Financial Corporation (NASDAQ:OPRT) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $9.33.

A number of research analysts have recently weighed in on the company. Stephens assumed coverage on Oportun Financial in a research report on Thursday, June 12th. They set an “overweight” rating and a $10.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on Oportun Financial from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Wall Street Zen cut Oportun Financial from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. Finally, Sidoti raised Oportun Financial to a “hold” rating in a report on Thursday, May 1st.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GWN Securities Inc. bought a new stake in Oportun Financial in the 2nd quarter worth approximately $120,000. Acuitas Investments LLC increased its stake in Oportun Financial by 3.8% in the 2nd quarter. Acuitas Investments LLC now owns 741,441 shares of the company’s stock worth $5,309,000 after acquiring an additional 27,049 shares during the last quarter. Summa Corp. increased its stake in Oportun Financial by 0.5% in the 2nd quarter. Summa Corp. now owns 565,338 shares of the company’s stock worth $4,048,000 after acquiring an additional 3,000 shares during the last quarter. Acadian Asset Management LLC increased its stake in Oportun Financial by 18.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,055,274 shares of the company’s stock worth $5,790,000 after acquiring an additional 167,564 shares during the last quarter. Finally, Flaharty Asset Management LLC increased its stake in Oportun Financial by 20.0% in the 1st quarter. Flaharty Asset Management LLC now owns 60,000 shares of the company’s stock worth $329,000 after acquiring an additional 10,000 shares during the last quarter. 82.70% of the stock is owned by hedge funds and other institutional investors.

Oportun Financial Stock Down 5.2%

OPRT stock opened at $5.81 on Friday. Oportun Financial has a twelve month low of $2.37 and a twelve month high of $9.24. The stock has a market cap of $254.88 million, a P/E ratio of -5.19 and a beta of 1.23. The business’s 50-day moving average price is $6.71 and its 200-day moving average price is $6.01.

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.