Oportun Financial’s (OPRT) Market Perform Rating Reiterated at JMP Securities

JMP Securities restated their market perform rating on shares of Oportun Financial (NASDAQ:OPRT) in a report issued on Friday,Benzinga reports.

Oportun Financial Stock Up 18.3 %

NASDAQ:OPRT opened at $7.57 on Friday. Oportun Financial has a 12-month low of $2.05 and a 12-month high of $7.75. The firm has a market capitalization of $272.34 million, a P/E ratio of -2.29 and a beta of 1.16. The stock’s fifty day simple moving average is $4.27 and its 200-day simple moving average is $3.41.

Oportun Financial (NASDAQ:OPRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. Oportun Financial had a negative return on equity of 6.59% and a negative net margin of 12.75%. As a group, equities research analysts expect that Oportun Financial will post -0.08 earnings per share for the current year.

Insider Buying and Selling at Oportun Financial

In other Oportun Financial news, CEO Raul Vazquez purchased 8,844 shares of the stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of $3.86 per share, with a total value of $34,137.84. Following the completion of the transaction, the chief executive officer now directly owns 1,257,328 shares in the company, valued at $4,853,286.08. This represents a 0.71 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mohit Daswani purchased 7,420 shares of the stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $3.90 per share, for a total transaction of $28,938.00. Following the transaction, the director now owns 41,924 shares of the company’s stock, valued at approximately $163,503.60. The trade was a 21.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 41,264 shares of company stock valued at $159,826 in the last 90 days. 9.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oportun Financial

Institutional investors have recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in shares of Oportun Financial by 5.4% in the third quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock valued at $311,000 after buying an additional 5,628 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Oportun Financial in the third quarter valued at approximately $52,000. RBF Capital LLC boosted its stake in shares of Oportun Financial by 82.9% in the third quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock valued at $2,748,000 after buying an additional 443,177 shares during the period. Geode Capital Management LLC boosted its stake in shares of Oportun Financial by 4.9% in 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 period. Finally, SkyView Investment Advisors LLC boosted its stake in shares of Oportun Financial by 59.3% in the third quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company’s stock valued at $302,000 after buying an additional 40,000 shares during the period. Institutional investors own 82.70% of the company’s stock.

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.