Oportun Financial (NASDAQ:OPRT) Upgraded to Strong-Buy at Wall Street Zen

Oportun Financial (NASDAQ:OPRT) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.

A number of other equities research analysts also recently issued reports on the company. Zacks Research downgraded Oportun Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Oportun Financial in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of Oportun Financial from $6.00 to $5.50 and set an “underweight” rating for the company in a research report on Thursday, December 4th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.50.

Oportun Financial Stock Down 1.1%

Shares of Oportun Financial stock opened at $5.26 on Monday. Oportun Financial has a twelve month low of $3.45 and a twelve month high of $9.24. The company’s 50 day moving average is $5.17 and its 200 day moving average is $5.86. The company has a market cap of $232.12 million, a price-to-earnings ratio of 7.97 and a beta of 1.21.

Oportun Financial (NASDAQ:OPRT) last announced its earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.13. The business had revenue of $238.69 million during the quarter, compared to analyst estimates of $238.52 million. Oportun Financial had a net margin of 3.19% and a return on equity of 17.61%. Sell-side analysts expect that Oportun Financial will post 0.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Oportun Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acuitas Investments LLC raised its stake in Oportun Financial by 20.4% during the 3rd quarter. Acuitas Investments LLC now owns 892,449 shares of the company’s stock worth $5,506,000 after acquiring an additional 151,008 shares during the period. PharVision Advisers LLC purchased a new stake in shares of Oportun Financial in the third quarter worth $77,000. Prosperity Wealth Management Inc. bought a new stake in shares of Oportun Financial during the 3rd quarter valued at $286,000. Centiva Capital LP purchased a new position in shares of Oportun Financial during the 3rd quarter valued at $86,000. Finally, Zacks Investment Management purchased a new position in shares of Oportun Financial during the 3rd quarter valued at $139,000. 82.70% of the stock is owned by hedge funds and other institutional investors.

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.