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

Oportun Financial Co. (NASDAQ:OPRT) has earned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $6.40.

Several brokerages recently issued reports on OPRT. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a report on Friday, February 14th. BTIG Research began coverage on Oportun Financial in a report on Wednesday. They issued a “buy” rating and a $10.00 price target on the stock.

Oportun Financial Price Performance

Shares of OPRT stock traded up $0.13 during mid-day trading on Wednesday, hitting $6.62. The stock had a trading volume of 93,784 shares, compared to its average volume of 281,483. Oportun Financial has a 12-month low of $2.05 and a 12-month high of $9.25. The firm’s 50-day moving average is $5.13 and its two-hundred day moving average is $3.80. The firm has a market capitalization of $239.21 million, a P/E ratio of -3.29 and a beta of 1.16.

Oportun Financial (NASDAQ:OPRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.32. Oportun Financial had a negative net margin of 7.86% and a positive return on equity of 5.49%. Analysts expect that Oportun Financial will post 0.94 EPS for the current year.

Insider Activity at Oportun Financial

In other Oportun Financial news, Director R Neil Williams bought 25,000 shares of Oportun Financial stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $3.87 per share, with a total value of $96,750.00. Following the transaction, the director now directly owns 140,338 shares of the company’s stock, valued at approximately $543,108.06. This represents a 21.68 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mohit Daswani purchased 7,420 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $3.90 per share, with a total value of $28,938.00. Following the completion of the purchase, the director now owns 41,924 shares of the company’s stock, valued at $163,503.60. The trade was a 21.50 % increase in their position. The disclosure for this purchase can be found here. 9.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oportun Financial

A number of large investors have recently modified their holdings of OPRT. Empowered Funds LLC boosted its stake in Oportun Financial by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock worth $311,000 after purchasing an additional 5,628 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Oportun Financial in the third quarter worth $52,000. RBF Capital LLC lifted its stake in shares of Oportun Financial by 82.9% during the third quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock worth $2,748,000 after buying an additional 443,177 shares during the period. Geode Capital Management LLC grew its holdings in shares of Oportun Financial by 4.9% during the third quarter. Geode Capital Management LLC now owns 311,450 shares of the company’s stock valued at $875,000 after buying an additional 14,683 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its position in shares of Oportun Financial by 59.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company’s stock valued at $302,000 after acquiring an additional 40,000 shares during the period. Hedge funds and other institutional investors own 82.70% of the company’s stock.

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.