BTIG Research Begins Coverage on Oportun Financial (NASDAQ:OPRT)

Research analysts at BTIG Research started coverage on shares of Oportun Financial (NASDAQ:OPRT) in a research note issued on Wednesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $10.00 price target on the stock. BTIG Research’s price objective would suggest a potential upside of 57.23% from the stock’s previous close.

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Oportun Financial in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.40.

Oportun Financial Trading Down 5.8 %

NASDAQ:OPRT opened at $6.36 on Wednesday. The stock has a 50 day simple moving average of $5.23 and a 200 day simple moving average of $3.83. Oportun Financial has a 1-year low of $2.05 and a 1-year high of $9.25. The stock has a market cap of $229.81 million, a P/E ratio of -3.16 and a beta of 1.13.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Oportun Financial had a negative net margin of 7.86% and a positive return on equity of 5.49%. As a group, sell-side analysts forecast that Oportun Financial will post 0.94 EPS for the current year.

Insider Activity at Oportun Financial

In related news, Director R Neil Williams acquired 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $3.87 per share, for a total transaction of $96,750.00. Following the completion of the acquisition, the director now directly owns 140,338 shares of the company’s stock, valued at approximately $543,108.06. This trade represents a 21.68 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mohit Daswani bought 7,420 shares of the business’s stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $3.90 per share, for a total transaction of $28,938.00. Following the completion of the acquisition, the director now directly owns 41,924 shares in the company, valued at approximately $163,503.60. This trade represents a 21.50 % increase in their position. The disclosure for this purchase can be found here. 9.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Telos Capital Management Inc. acquired a new stake in shares of Oportun Financial during the fourth quarter worth $52,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Oportun Financial in the 3rd quarter worth about $52,000. Squarepoint Ops LLC acquired a new position in shares of Oportun Financial in the 4th quarter valued at about $79,000. Balyasny Asset Management L.P. bought a new stake in shares of Oportun Financial during the 4th quarter valued at about $80,000. Finally, Barclays PLC grew its stake in Oportun Financial by 26.5% during the fourth quarter. Barclays PLC now owns 24,447 shares of the company’s stock worth $96,000 after purchasing an additional 5,114 shares during the period. Institutional investors own 82.70% of the company’s stock.

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.