Cubist Systematic Strategies LLC Has $770,000 Position in Oportun Financial Corporation $OPRT

Cubist Systematic Strategies LLC raised its stake in Oportun Financial Corporation (NASDAQ:OPRT) by 164.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,199 shares of the company’s stock after purchasing an additional 87,119 shares during the period. Cubist Systematic Strategies LLC owned 0.37% of Oportun Financial worth $770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. D. E. Shaw & Co. Inc. acquired a new position in shares of Oportun Financial in the fourth quarter valued at $319,000. Millennium Management LLC increased its holdings in shares of Oportun Financial by 7.4% in the fourth quarter. Millennium Management LLC now owns 1,502,970 shares of the company’s stock valued at $5,832,000 after purchasing an additional 104,186 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Oportun Financial in the fourth quarter valued at $219,000. Jump Financial LLC acquired a new position in shares of Oportun Financial in the first quarter valued at $395,000. Finally, Two Sigma Advisers LP increased its holdings in shares of Oportun Financial by 11.7% in the fourth quarter. Two Sigma Advisers LP now owns 508,500 shares of the company’s stock valued at $1,973,000 after purchasing an additional 53,400 shares during the last quarter. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Oportun Financial Stock Down 0.1%

OPRT opened at $6.66 on Wednesday. Oportun Financial Corporation has a twelve month low of $2.37 and a twelve month high of $9.24. The company has a 50-day simple moving average of $6.40 and a 200 day simple moving average of $6.16. The stock has a market capitalization of $293.11 million, a price-to-earnings ratio of -33.30 and a beta of 1.33.

Analysts Set New Price Targets

OPRT has been the subject of a number of recent research reports. Wall Street Zen raised shares of Oportun Financial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Stephens initiated coverage on shares of Oportun Financial in a research report on Thursday, June 12th. They issued an “overweight” rating and a $10.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Oportun Financial from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Oportun Financial currently has an average 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.