Oportun Financial (NASDAQ:OPRT) Stock Rating Upgraded by Singular Research

Oportun Financial (NASDAQ:OPRT) was upgraded by Singular Research to a “strong-buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

Separately, JMP Securities restated a “market perform” rating on shares of Oportun Financial in a research note on Monday, August 12th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.70.

Oportun Financial Stock Up 0.3 %

Shares of Oportun Financial stock opened at $2.92 on Friday. Oportun Financial has a 12-month low of $2.05 and a 12-month high of $7.55. The stock has a market capitalization of $103.92 million, a P/E ratio of -1.07 and a beta of 1.11. The company has a 50-day simple moving average of $2.97 and a 200 day simple moving average of $2.97.

Oportun Financial (NASDAQ:OPRT) last announced its earnings results on Thursday, August 8th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.25) by $0.28. The business had revenue of $250.40 million for the quarter, compared to the consensus estimate of $246.12 million. Oportun Financial had a negative return on equity of 11.04% and a negative net margin of 11.66%. On average, equities analysts anticipate that Oportun Financial will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On Oportun Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its holdings in Oportun Financial by 30.4% in the first quarter. Public Employees Retirement System of Ohio now owns 15,103 shares of the company’s stock valued at $37,000 after acquiring an additional 3,521 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Oportun Financial during the 4th quarter worth approximately $66,000. Versant Capital Management Inc grew its position in shares of Oportun Financial by 85.2% during the 1st quarter. Versant Capital Management Inc now owns 30,601 shares of the company’s stock worth $74,000 after buying an additional 14,079 shares during the period. Flaharty Asset Management LLC raised its stake in shares of Oportun Financial by 75.0% during the second quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company’s stock worth $102,000 after buying an additional 15,000 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its holdings in Oportun Financial by 28.6% in the second quarter. SkyView Investment Advisors LLC now owns 67,500 shares of the company’s stock valued at $196,000 after buying an additional 15,000 shares during the period. 82.70% of the stock is owned by institutional investors and hedge funds.

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.