Oportun Financial Corporation (NASDAQ:OPRT) Receives $8.50 Consensus Price Target from Analysts

Shares of Oportun Financial Corporation (NASDAQ:OPRT) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $8.50.

Several research analysts have commented on OPRT shares. Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a report on Monday, December 29th. JPMorgan Chase & Co. upgraded Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 target price for the company in a report on Monday, January 12th. 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 report on Tuesday, January 20th.

Oportun Financial Trading Down 5.1%

Shares of OPRT opened at $5.74 on Friday. The firm has a fifty day moving average price of $5.23 and a 200-day moving average price of $5.72. The firm has a market capitalization of $253.31 million, a P/E ratio of 8.70 and a beta of 1.21. Oportun Financial has a 12-month low of $3.67 and a 12-month high of $9.24.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings results 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 net margin of 3.19% and a return on equity of 17.61%. Analysts predict that Oportun Financial will post 0.94 earnings per share for the current year.

Hedge Funds Weigh In On Oportun Financial

A number of institutional investors and hedge funds have recently bought and sold shares of OPRT. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Oportun Financial during the 2nd quarter worth approximately $55,000. State of Alaska Department of Revenue purchased a new stake in Oportun Financial in the fourth quarter valued at $58,000. Virtu Financial LLC acquired a new position in shares of Oportun Financial in the 3rd quarter valued at $64,000. Corsair Capital Management L.P. acquired a new position in shares of Oportun Financial in the 2nd quarter valued at $72,000. Finally, PharVision Advisers LLC purchased a new position in shares of Oportun Financial during the 3rd quarter worth $77,000. 82.70% of the stock is currently owned by institutional investors and hedge funds.

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.