Oportun Financial (NASDAQ:OPRT) Given New $8.00 Price Target at B. Riley

Oportun Financial (NASDAQ:OPRT) had its target price trimmed by B. Riley from $9.00 to $8.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

OPRT has been the topic of a number of other research reports. Keefe, Bruyette & Woods reduced their target price on Oportun Financial from $4.50 to $4.00 and set a market perform rating on the stock in a research note on Thursday, March 14th. JMP Securities reissued a market perform rating and issued a $6.50 target price on shares of Oportun Financial in a research note on Friday, March 15th. Finally, Jefferies Financial Group cut Oportun Financial from a buy rating to a hold rating and reduced their target price for the company from $9.00 to $3.50 in a research note on Thursday, March 14th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $6.00.

Oportun Financial Stock Up 2.9 %

Oportun Financial stock opened at $3.24 on Wednesday. Oportun Financial has a fifty-two week low of $2.05 and a fifty-two week high of $7.73. The firm’s fifty day moving average price is $3.01 and its 200-day moving average price is $3.62.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings results on Tuesday, March 12th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.58) by ($0.06). The firm had revenue of $262.60 million during the quarter, compared to the consensus estimate of $261.64 million. Oportun Financial had a negative return on equity of 31.58% and a negative net margin of 17.02%. On average, sell-side analysts expect that Oportun Financial will post -0.38 earnings per share for the current year.

Institutional Trading of Oportun Financial

Several institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its position in Oportun Financial by 85.2% during the first quarter. Versant Capital Management Inc now owns 30,601 shares of the company’s stock valued at $74,000 after buying an additional 14,079 shares during the period. Findell Capital Management LLC purchased a new stake in Oportun Financial during the fourth quarter valued at about $7,820,000. Tower Research Capital LLC TRC boosted its position in Oportun Financial by 7,197.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 14,594 shares of the company’s stock valued at $57,000 after buying an additional 14,394 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Oportun Financial during the fourth quarter valued at about $66,000. Finally, Jump Financial LLC boosted its position in Oportun Financial by 350.4% during the fourth quarter. Jump Financial LLC now owns 110,411 shares of the company’s stock valued at $432,000 after buying an additional 85,895 shares during the period. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Oportun Financial Company Profile

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.