Analysts Set Oportun Financial Corporation (NASDAQ:OPRT) PT at $8.67

Oportun Financial Corporation (NASDAQ:OPRT) has received an average recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $8.6667.

Several research firms recently issued reports on OPRT. Wall Street Zen cut Oportun Financial from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Oportun Financial in a report on Wednesday, October 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $6.00 price target (down previously from $8.00) on shares of Oportun Financial in a report on Tuesday, October 7th. Finally, Zacks Research cut Oportun Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th.

Insider Transactions at Oportun Financial

In other Oportun Financial news, insider Kathleen I. Layton sold 4,214 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $6.64, for a total transaction of $27,980.96. Following the transaction, the insider owned 159,184 shares in the company, valued at approximately $1,056,981.76. This trade represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On Oportun Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings in Oportun Financial by 28.9% during the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock worth $10,633,000 after buying an additional 433,827 shares during the last quarter. Cannell Capital LLC boosted its holdings in Oportun Financial by 7,067.0% during the second quarter. Cannell Capital LLC now owns 1,601,244 shares of the company’s stock worth $11,465,000 after buying an additional 1,578,902 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Oportun Financial by 1.3% during the second quarter. Acadian Asset Management LLC now owns 1,069,116 shares of the company’s stock worth $7,652,000 after buying an additional 13,842 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Oportun Financial by 131.6% during the second quarter. Geode Capital Management LLC now owns 776,844 shares of the company’s stock worth $5,563,000 after buying an additional 441,392 shares during the last quarter. Finally, Acuitas Investments LLC boosted its holdings in Oportun Financial by 3.8% during the second quarter. Acuitas Investments LLC now owns 741,441 shares of the company’s stock worth $5,309,000 after buying an additional 27,049 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.

Oportun Financial Stock Performance

Oportun Financial stock opened at $5.20 on Wednesday. The firm has a market cap of $228.85 million, a P/E ratio of -26.00 and a beta of 1.30. The business’s fifty day moving average is $6.19 and its two-hundred day moving average is $6.14. Oportun Financial has a 52 week low of $2.51 and a 52 week high of $9.24.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.17 EPS for the quarter. The company had revenue of $266.56 million for the quarter. Oportun Financial had a positive return on equity of 13.15% and a negative net margin of 0.47%. On average, equities research analysts predict that Oportun Financial will post 0.94 earnings per share for the current year.

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.