Oportun Financial (NASDAQ:OPRT) Rating Lowered to Buy at Wall Street Zen

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

A number of other brokerages have also recently commented on OPRT. Weiss Ratings reiterated a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday, December 29th. JPMorgan Chase & Co. upgraded shares of Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 price objective for the company in a report on Monday, January 12th. Finally, Zacks Research cut 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 issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.50.

Oportun Financial Stock Down 1.9%

OPRT opened at $5.03 on Tuesday. Oportun Financial has a twelve month low of $3.62 and a twelve month high of $9.24. The company has a market cap of $221.97 million, a PE ratio of 7.62 and a beta of 1.21. The company has a 50-day moving average price of $5.18 and a 200 day moving average price of $5.78.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Oportun Financial during the second quarter worth $55,000. Virtu Financial LLC acquired a new position in Oportun Financial during the 3rd quarter worth $64,000. Corsair Capital Management L.P. purchased a new stake in Oportun Financial during the 2nd quarter worth about $72,000. PharVision Advisers LLC acquired a new stake in Oportun Financial in the 3rd quarter valued at about $77,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Oportun Financial in the 3rd quarter valued at about $80,000. Hedge funds and other institutional investors own 82.70% of the company’s stock.

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.