Oportun Financial Co. (NASDAQ:OPRT) Receives Average Rating of “Moderate Buy” from Analysts

Oportun Financial Co. (NASDAQ:OPRT) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $5.70.

OPRT has been the topic of a number of research reports. JMP Securities reaffirmed a “market perform” rating on shares of Oportun Financial in a research report on Monday, August 12th. Singular Research raised shares of Oportun Financial to a “strong-buy” rating in a research report on Friday, September 20th.

Institutional Investors Weigh In On Oportun Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its holdings in Oportun Financial by 30.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 15,103 shares of the company’s stock valued at $37,000 after buying an additional 3,521 shares during the period. Empowered Funds LLC boosted its stake in shares of Oportun Financial by 8.2% in the 1st quarter. Empowered Funds LLC now owns 97,432 shares of the company’s stock valued at $237,000 after purchasing an additional 7,350 shares in the last quarter. Flaharty Asset Management LLC boosted its stake in shares of Oportun Financial by 75.0% in the 2nd quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company’s stock valued at $102,000 after purchasing an additional 15,000 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of Oportun Financial by 28.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 67,500 shares of the company’s stock valued at $196,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Oportun Financial by 16.1% in the 2nd quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock valued at $658,000 after purchasing an additional 31,415 shares in the last quarter. Institutional investors own 82.70% of the company’s stock.

Oportun Financial Stock Down 2.2 %

NASDAQ OPRT opened at $2.63 on Friday. The stock has a market capitalization of $93.60 million, a PE ratio of -0.96 and a beta of 1.10. The company has a 50 day moving average price of $2.77 and a two-hundred day moving average price of $2.95. Oportun Financial has a 12-month low of $2.05 and a 12-month high of $6.36.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.28. Oportun Financial had a negative net margin of 11.66% and a negative return on equity of 11.04%. The company had revenue of $250.40 million for the quarter, compared to analyst estimates of $246.12 million. As a group, equities analysts anticipate that Oportun Financial will post 0.12 EPS for the current year.

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.