Oportun Financial Corporation (NASDAQ:OPRT) Given Average Rating of “Hold” by Brokerages

Oportun Financial Corporation (NASDAQ:OPRT) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $8.50.

A number of equities analysts recently issued reports on OPRT shares. Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a research note on Monday, December 22nd. Zacks Research lowered Oportun Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Wall Street Zen raised Oportun Financial from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, JPMorgan Chase & Co. dropped their target price on Oportun Financial from $6.00 to $5.50 and set an “underweight” rating on the stock in a research report on Thursday, December 4th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Cannell Capital LLC boosted its holdings in Oportun Financial by 7,067.0% in the second quarter. Cannell Capital LLC now owns 1,601,244 shares of the company’s stock valued at $11,465,000 after purchasing an additional 1,578,902 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Oportun Financial by 30.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,106,640 shares of the company’s stock valued at $12,998,000 after buying an additional 490,608 shares during the period. Geode Capital Management LLC boosted its stake in shares of Oportun Financial by 131.6% in 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. Millennium Management LLC grew 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 acquiring an additional 433,827 shares during the period. Finally, CenterBook Partners LP purchased a new position in Oportun Financial during the second quarter valued at approximately $2,950,000. Hedge funds and other institutional investors own 82.70% of the company’s stock.

Oportun Financial Stock Down 0.7%

OPRT opened at $5.37 on Monday. The company has a market cap of $236.98 million, a P/E ratio of 8.14 and a beta of 1.24. The firm’s 50-day moving average price is $5.21 and its 200-day moving average price is $5.98. Oportun Financial has a 52-week low of $3.45 and a 52-week high of $9.24.

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

Oportun Financial Company Profile

Oportun Financial Corporation (NASDAQ: OPRT) is a financial technology company that provides consumer lending products aimed at serving the underbanked and credit-invisible population in the United States. Headquartered in Redwood City, California, Oportun operates a digital platform that enables borrowers to access credit through unsecured personal installment loans, secured credit-builder loans and a proprietary mobile wallet. The company leverages machine learning and alternative data sources to assess creditworthiness, extending financial services to customers with limited or no traditional credit history.

The company’s core offerings include fixed-term installment loans designed to help individuals cover unexpected expenses, consolidate debt or build credit.