Oportun Financial (NASDAQ:OPRT) Earns Buy Rating from Barclays

Barclays reiterated their buy rating on shares of Oportun Financial (NASDAQ:OPRT) in a research report report published on Thursday, Analyst Ratings Network reports. Barclays currently has a $19.00 price target on the stock.

A number of other research firms have also recently issued reports on OPRT. Zacks Investment Research upgraded Oportun Financial from a sell rating to a hold rating in a research note on Thursday, July 16th. BTIG Research restated a buy rating and set a $19.00 price objective on shares of Oportun Financial in a research note on Wednesday, July 8th. Finally, BidaskClub cut shares of Oportun Financial from a buy rating to a hold rating in a research note on Wednesday, September 23rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $17.50.

OPRT stock opened at $14.50 on Thursday. The stock has a market capitalization of $396.30 million and a price-to-earnings ratio of -1.98. Oportun Financial has a 1 year low of $5.26 and a 1 year high of $25.84. The stock’s fifty day moving average is $13.37 and its two-hundred day moving average is $11.53.

Oportun Financial (NASDAQ:OPRT) last posted its earnings results on Thursday, August 6th. The company reported ($1.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.18). The company had revenue of $142.70 million during the quarter, compared to the consensus estimate of $151.22 million. Oportun Financial had a negative net margin of 2.29% and a negative return on equity of 3.56%. Analysts predict that Oportun Financial will post -1.24 EPS for the current fiscal year.

In related news, CTO David Anthony Needham sold 2,855 shares of Oportun Financial stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $13.46, for a total transaction of $38,428.30. Following the transaction, the chief technology officer now directly owns 18,733 shares of the company’s stock, valued at $252,146.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Patrick Kirscht sold 8,836 shares of Oportun Financial stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $12.19, for a total value of $107,710.84. Following the transaction, the insider now directly owns 67,143 shares in the company, valued at $818,473.17. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,240 shares of company stock worth $382,586. 11.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of OPRT. Bank of New York Mellon Corp increased its stake in Oportun Financial by 25.3% in the 1st quarter. Bank of New York Mellon Corp now owns 20,710 shares of the company’s stock worth $218,000 after purchasing an additional 4,188 shares in the last quarter. State Street Corp increased its stake in Oportun Financial by 117.9% in the 1st quarter. State Street Corp now owns 125,959 shares of the company’s stock worth $1,329,000 after purchasing an additional 68,164 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Oportun Financial by 413.3% in the 1st quarter. JPMorgan Chase & Co. now owns 12,134 shares of the company’s stock worth $127,000 after purchasing an additional 9,770 shares in the last quarter. M&T Bank Corp boosted its position in Oportun Financial by 22.7% during the 1st quarter. M&T Bank Corp now owns 31,955 shares of the company’s stock worth $337,000 after acquiring an additional 5,907 shares during the period. Finally, Geode Capital Management LLC boosted its position in Oportun Financial by 23.8% during the 1st quarter. Geode Capital Management LLC now owns 105,246 shares of the company’s stock worth $1,110,000 after acquiring an additional 20,227 shares during the period. 59.37% of the stock is currently owned by hedge funds and other institutional investors.

Oportun Financial Company Profile

Oportun is a high-growth, mission-driven CDFI and provider of inclusive, affordable financial services powered by a deep, data-driven understanding of its customers and advanced proprietary technology. By lending money to hardworking, low-to-moderate-income individuals, Oportun helps them move forward in their lives, demonstrate their creditworthiness, and establish the credit history they need to access new opportunities.

See Also: Retained Earnings

Analyst Recommendations for Oportun Financial (NASDAQ:OPRT)

Receive News & Ratings for Oportun Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oportun Financial and related companies with MarketBeat.com's FREE daily email newsletter.