Oportun Financial Co. (NASDAQ:OPRT) Receives $6.40 Average PT from Analysts

Oportun Financial Co. (NASDAQ:OPRT) has received a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $6.40.

A number of research analysts have issued reports on OPRT shares. JMP Securities reiterated a “market perform” rating on shares of Oportun Financial in a research report on Friday, February 14th. BTIG Research started coverage on Oportun Financial in a report on Wednesday. They set a “buy” rating and a $10.00 target price for the company.

Insider Activity

In other Oportun Financial news, Director Mohit Daswani bought 7,420 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $3.90 per share, for a total transaction of $28,938.00. Following the purchase, the director now directly owns 41,924 shares of the company’s stock, valued at approximately $163,503.60. This represents a 21.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick Kirscht sold 8,403 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $3.80, for a total value of $31,931.40. Following the completion of the transaction, the insider now owns 333,360 shares in the company, valued at $1,266,768. The trade was a 2.46 % decrease in their position. The disclosure for this sale can be found here. 9.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oportun Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC grew its position in Oportun Financial by 7.4% in the fourth quarter. Millennium Management LLC now owns 1,502,970 shares of the company’s stock worth $5,832,000 after acquiring an additional 104,186 shares in the last quarter. Acuitas Investments LLC raised its stake in Oportun Financial by 11.9% in the fourth quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company’s stock worth $4,463,000 after buying an additional 122,360 shares in the last quarter. RBF Capital LLC raised its stake in Oportun Financial by 82.9% in 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in Oportun Financial by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company’s stock worth $2,205,000 after buying an additional 24,984 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of Oportun Financial by 11.7% during the fourth quarter. Two Sigma Advisers LP now owns 508,500 shares of the company’s stock valued at $1,973,000 after purchasing an additional 53,400 shares in the last quarter. Institutional investors own 82.70% of the company’s stock.

Oportun Financial Stock Performance

OPRT stock opened at $6.64 on Wednesday. The firm has a market capitalization of $239.93 million, a price-to-earnings ratio of -3.30 and a beta of 1.13. Oportun Financial has a fifty-two week low of $2.05 and a fifty-two week high of $9.25. The company’s 50 day moving average price is $5.28 and its 200 day moving average price is $3.86.

Oportun Financial (NASDAQ:OPRT) last released its earnings results on Wednesday, February 12th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Oportun Financial had a positive return on equity of 5.49% and a negative net margin of 7.86%. Equities analysts forecast that Oportun Financial will post 0.94 EPS for the current fiscal 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.