Oportun Financial Co. (NASDAQ:OPRT) Given Average Recommendation of “Hold” by Brokerages

Shares of Oportun Financial Co. (NASDAQ:OPRT) have earned an average rating of “Hold” from the five research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective 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 recent analyst reports. Singular Research raised shares of Oportun Financial to a “strong-buy” rating in a report on Friday. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a research report on Monday, August 12th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OPRT. Findell Capital Management LLC bought a new stake in Oportun Financial during the 4th quarter worth approximately $7,820,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Oportun Financial during the 4th quarter valued at $66,000. Acuitas Investments LLC bought a new stake in shares of Oportun Financial during the 2nd quarter valued at $1,577,000. Acadian Asset Management LLC lifted its stake in shares of Oportun Financial by 11.2% during the 1st quarter. Acadian Asset Management LLC now owns 813,254 shares of the company’s stock valued at $1,975,000 after buying an additional 82,146 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in Oportun Financial by 8.2% in the 1st quarter. Empowered Funds LLC now owns 97,432 shares of the company’s stock worth $237,000 after buying an additional 7,350 shares during the period. 82.70% of the stock is owned by hedge funds and other institutional investors.

Oportun Financial Stock Performance

Shares of NASDAQ OPRT opened at $2.92 on Tuesday. The company has a market cap of $103.92 million, a PE ratio of -1.07 and a beta of 1.11. The firm’s 50 day moving average price is $2.97 and its 200-day moving average price is $2.97. Oportun Financial has a 52-week low of $2.05 and a 52-week high of $7.55.

Oportun Financial (NASDAQ:OPRT) last issued its earnings results on Thursday, August 8th. The company reported $0.03 EPS for the quarter, beating 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, analysts forecast that Oportun Financial will post 0.15 earnings per share for the current fiscal year.

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.