Oportun Financial Co. (NASDAQ:OPRT) Sees Significant Decline in Short Interest

Oportun Financial Co. (NASDAQ:OPRT) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 139,000 shares, a decline of 13.4% from the August 31st total of 160,600 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 139,600 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On Oportun Financial

Several institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its stake in Oportun Financial by 30.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 15,103 shares of the company’s stock worth $37,000 after acquiring an additional 3,521 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Oportun Financial by 85.2% during the first quarter. Versant Capital Management Inc now owns 30,601 shares of the company’s stock worth $74,000 after purchasing an additional 14,079 shares in the last quarter. Flaharty Asset Management LLC grew its holdings in shares of Oportun Financial by 75.0% in the 2nd quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company’s stock valued at $102,000 after buying an additional 15,000 shares during the period. SkyView Investment Advisors LLC increased its position in shares of Oportun Financial by 28.6% in the 2nd 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 in the last quarter. Finally, Empowered Funds LLC raised its stake in Oportun Financial by 8.2% during 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 currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OPRT has been the subject of several research analyst reports. JMP Securities restated a “market perform” rating on shares of Oportun Financial in a research report on Monday, August 12th. Singular Research upgraded Oportun Financial to a “strong-buy” rating in a research report on Friday, September 20th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.70.

Oportun Financial Price Performance

Shares of NASDAQ OPRT opened at $2.74 on Friday. The company’s 50 day simple moving average is $2.93 and its 200 day simple moving average is $2.96. Oportun Financial has a fifty-two week low of $2.05 and a fifty-two week high of $7.41. The firm has a market capitalization of $97.51 million, a P/E ratio of -1.00 and a beta of 1.11.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.28. Oportun Financial had a negative return on equity of 11.04% and a negative net margin of 11.66%. The business had revenue of $250.40 million for the quarter, compared to analyst estimates of $246.12 million. Sell-side analysts expect that Oportun Financial will post 0.15 EPS 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.