Oportun Financial (NASDAQ:OPRT) Lowered to Buy Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of Oportun Financial (NASDAQ:OPRT – Free Report) from a strong-buy rating to a buy rating in a research note released on Sunday.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Oportun Financial in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $6.00 price objective (down from $8.00) on shares of Oportun Financial in a report on Tuesday, October 7th. Finally, Zacks Research cut Oportun Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.67.

Check Out Our Latest Report on Oportun Financial

Oportun Financial Stock Performance

Shares of NASDAQ OPRT remained flat at $4.74 during trading on Friday. 360,077 shares of the company’s stock traded hands, compared to its average volume of 558,520. The stock has a market cap of $209.18 million, a P/E ratio of 7.18 and a beta of 1.35. Oportun Financial has a 52 week low of $2.82 and a 52 week high of $9.24. The stock has a 50-day moving average price of $5.93 and a two-hundred day moving average price of $6.26.

Oportun Financial (NASDAQ:OPRT – Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.17 earnings per share for the quarter. The company had revenue of $266.56 million for the quarter. Oportun Financial had a net margin of 3.19% and a return on equity of 17.61%. As a group, sell-side analysts forecast that Oportun Financial will post 0.94 earnings per share for the current year.

Insider Activity at Oportun Financial

In other Oportun Financial news, insider Kathleen I. Layton sold 4,214 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $6.64, for a total transaction of $27,980.96. Following the transaction, the insider directly owned 159,184 shares in the company, valued at $1,056,981.76. This represents a 2.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers increased its stake in Oportun Financial by 5.8% during the 3rd quarter. Rhumbline Advisers now owns 51,467 shares of the company’s stock valued at $318,000 after buying an additional 2,817 shares during the period. Summa Corp. boosted its stake in shares of Oportun Financial by 0.5% during the 2nd quarter. Summa Corp. now owns 565,338 shares of the company’s stock worth $4,048,000 after acquiring an additional 3,000 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in Oportun Financial in the 2nd quarter worth about $55,000. Empowered Funds LLC raised its holdings in shares of Oportun Financial by 7.5% during the first quarter. Empowered Funds LLC now owns 124,980 shares of the company’s stock valued at $686,000 after acquiring an additional 8,752 shares during the period. Finally, Heron Bay Capital Management boosted its position in shares of Oportun Financial by 58.9% in the second quarter. Heron Bay Capital Management now owns 24,627 shares of the company’s stock worth $176,000 after buying an additional 9,127 shares during the period. 82.70% of the stock is owned by institutional investors and hedge funds.

Oportun Financial Company Profile

(Get Free Report)

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.

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