Invesco Ltd. Cuts Holdings in Oportun Financial Corporation $OPRT

Invesco Ltd. trimmed its holdings in shares of Oportun Financial Corporation (NASDAQ:OPRT) by 15.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,833 shares of the company’s stock after selling 25,045 shares during the period. Invesco Ltd. owned about 0.37% of Oportun Financial worth $768,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of OPRT. Squarepoint Ops LLC purchased a new position in shares of Oportun Financial during the 4th quarter worth approximately $79,000. Balyasny Asset Management L.P. purchased a new position in shares of Oportun Financial during the 4th quarter worth approximately $80,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Oportun Financial during the 1st quarter worth approximately $88,000. Barclays PLC increased its stake 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 purchasing an additional 5,114 shares in the last quarter. Finally, Telos Capital Management Inc. increased its stake 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 purchasing an additional 6,672 shares in the last quarter. 82.70% of the stock is owned by hedge funds and other institutional investors.

Oportun Financial Trading Up 3.0%

Shares of OPRT opened at $6.51 on Thursday. The firm has a market capitalization of $286.51 million, a P/E ratio of -32.55 and a beta of 1.33. The stock’s fifty day simple moving average is $6.44 and its 200 day simple moving average is $6.21. Oportun Financial Corporation has a twelve month low of $2.37 and a twelve month high of $9.24.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wall Street Zen raised Oportun Financial from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. increased their target price on Oportun Financial from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Friday, July 11th. Finally, Stephens assumed coverage on Oportun Financial in a report on Thursday, June 12th. They set an “overweight” rating and a $10.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.33.

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.