Brokerages Set Oportun Financial Corporation (NASDAQ:OPRT) PT at $8.50

Shares of Oportun Financial Corporation (NASDAQ:OPRT) have earned an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $8.50.

OPRT has been the subject of a number of research analyst reports. Wall Street Zen lowered Oportun Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 20th. 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 research report on Monday, January 12th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Oportun Financial in a research note on Monday, December 29th.

Institutional Trading of Oportun Financial

Large investors have recently modified their holdings of the company. Millennium Management LLC grew its stake in Oportun Financial by 28.9% in the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock worth $10,633,000 after purchasing an additional 433,827 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Oportun Financial during the 1st quarter worth $132,000. Goldman Sachs Group Inc. grew its position in shares of Oportun Financial by 499.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 313,446 shares of the company’s stock worth $1,721,000 after buying an additional 261,147 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Oportun Financial by 7.5% during the first quarter. Empowered Funds LLC now owns 124,980 shares of the company’s stock valued at $686,000 after buying an additional 8,752 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Oportun Financial by 238.6% in the first quarter. Jane Street Group LLC now owns 191,066 shares of the company’s stock valued at $1,049,000 after acquiring an additional 134,643 shares in the last quarter. Hedge funds and other institutional investors own 82.70% of the company’s stock.

Oportun Financial Price Performance

Oportun Financial stock opened at $5.11 on Tuesday. Oportun Financial has a 1-year low of $4.05 and a 1-year high of $8.57. The company’s 50-day moving average is $5.33 and its 200 day moving average is $5.60. The firm has a market capitalization of $225.50 million, a P/E ratio of 7.74 and a beta of 1.18.

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.