Oportun Financial (NASDAQ:OPRT) Upgraded to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Oportun Financial (NASDAQ:OPRT) from an underweight rating to a neutral rating in a research note issued to investors on Monday morning, MarketBeat reports. The firm currently has $5.50 price objective on the stock.

Several other analysts also recently weighed in on the company. Wall Street Zen upgraded Oportun Financial from a “buy” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings reissued a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of Oportun Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Oportun Financial currently has an average rating of “Hold” and a consensus target price of $8.50.

Oportun Financial Stock Performance

Oportun Financial stock opened at $5.21 on Monday. The company has a market capitalization of $229.92 million, a PE ratio of 7.89 and a beta of 1.21. The company has a 50 day moving average price of $5.17 and a 200-day moving average price of $5.85. Oportun Financial has a fifty-two week low of $3.53 and a fifty-two week high of $9.24.

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

Institutional Trading of Oportun Financial

A number of institutional investors have recently modified their holdings of OPRT. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Oportun Financial in the 2nd quarter worth approximately $55,000. Corsair Capital Management L.P. acquired a new stake in Oportun Financial in the second quarter valued at approximately $72,000. Virtu Financial LLC purchased a new position in Oportun Financial in the third quarter worth $64,000. The Manufacturers Life Insurance Company purchased a new position in Oportun Financial in the second quarter worth $85,000. Finally, PharVision Advisers LLC acquired a new position in shares of Oportun Financial during the third quarter worth $77,000. 82.70% of the stock is currently owned by institutional investors.

About Oportun Financial

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.