Oportun Financial Co. (NASDAQ:OPRT) Short Interest Update

Oportun Financial Co. (NASDAQ:OPRT) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 103,000 shares, a decline of 29.1% from the May 31st total of 145,300 shares. Based on an average trading volume of 381,400 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Oportun Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Findell Capital Management LLC acquired a new position in Oportun Financial in the 4th quarter valued at $7,820,000. Summa Corp. acquired a new stake in shares of Oportun Financial in the fourth quarter valued at about $2,204,000. Citigroup Inc. lifted its stake in shares of Oportun Financial by 21,717.1% in the third quarter. Citigroup Inc. now owns 89,450 shares of the company’s stock worth $646,000 after buying an additional 89,040 shares in the last quarter. 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 worth $432,000 after acquiring an additional 85,895 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in Oportun Financial by 11.2% during the 1st quarter. Acadian Asset Management LLC now owns 813,254 shares of the company’s stock valued at $1,975,000 after acquiring an additional 82,146 shares in the last quarter. 82.70% of the stock is owned by hedge funds and other institutional investors.

Oportun Financial Stock Performance

Shares of Oportun Financial stock traded up $0.02 on Friday, hitting $2.90. The company’s stock had a trading volume of 89,280 shares, compared to its average volume of 97,354. The company has a market capitalization of $103.21 million, a price-to-earnings ratio of -1.06 and a beta of 1.13. Oportun Financial has a 1 year low of $2.05 and a 1 year high of $7.73. The firm has a fifty day moving average price of $3.26 and a 200-day moving average price of $3.33.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.13. Oportun Financial had a negative return on equity of 11.07% and a negative net margin of 9.94%. The business had revenue of $250.50 million during the quarter, compared to analysts’ expectations of $249.90 million. During the same period in the previous year, the business earned ($2.70) earnings per share. As a group, analysts forecast that Oportun Financial will post -0.18 EPS for the current year.

Analysts Set New Price Targets

OPRT has been the topic of several recent research reports. Jefferies Financial Group lowered shares of Oportun Financial from a “buy” rating to a “hold” rating and lowered their price target for the company from $9.00 to $3.50 in a report on Thursday, March 14th. Keefe, Bruyette & Woods dropped their target price on Oportun Financial from $4.50 to $4.00 and set a “market perform” rating on the stock in a report on Thursday, March 14th. B. Riley reduced their price target on Oportun Financial from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Finally, JMP Securities restated a “market perform” rating on shares of Oportun Financial in a research report on Monday, May 13th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.00.

About Oportun Financial

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.