Oportun Financial (NASDAQ:OPRT) Price Target Lowered to $5.50 at JPMorgan Chase & Co.

Oportun Financial (NASDAQ:OPRT) had its price target cut by JPMorgan Chase & Co. from $6.00 to $5.50 in a research note published on Thursday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other research analysts have also commented on OPRT. Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday. Zacks Research cut Oportun Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Wall Street Zen lowered Oportun Financial from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 9th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8.50.

Oportun Financial Stock Down 0.4%

OPRT stock opened at $5.27 on Thursday. The stock has a 50-day simple moving average of $5.26 and a two-hundred day simple moving average of $6.12. Oportun Financial has a twelve month low of $3.45 and a twelve month high of $9.24. The firm has a market capitalization of $232.57 million, a PE ratio of 7.98 and a beta of 1.24.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.13. The firm had revenue of $238.69 million for the quarter, compared to the consensus estimate of $238.52 million. Oportun Financial had a net margin of 3.19% and a return on equity of 17.61%. On average, equities research analysts anticipate that Oportun Financial will post 0.94 EPS for the current fiscal year.

Insider Buying and Selling

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 sale, the insider owned 159,184 shares in the company, valued at $1,056,981.76. This trade represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oportun Financial

A number of large investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in Oportun Financial in the first quarter worth approximately $374,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Oportun Financial in the 1st quarter worth approximately $88,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Oportun Financial by 114.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 336,841 shares of the company’s stock valued at $1,849,000 after purchasing an additional 179,541 shares in the last quarter. Berger Financial Group Inc grew its holdings in shares of Oportun Financial by 13.7% during the 1st quarter. Berger Financial Group Inc now owns 196,543 shares of the company’s stock valued at $1,079,000 after purchasing an additional 23,633 shares during the last quarter. Finally, Informed Momentum Co LLC purchased a new position in Oportun Financial in the 1st quarter worth $820,000. 82.70% of the stock is owned by hedge funds and other institutional investors.

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.