Oportun Financial (NASDAQ:OPRT) Stock Rating Cut to Buy at Wall Street Zen

by · The Markets Daily

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 Saturday morning,Wall Street Zen reports.

Several other research analysts have also recently weighed in on OPRT. Stephens boosted their price target on Oportun Financial from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Weiss Ratings raised Oportun Financial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 16th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.33.

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Oportun Financial Stock Up 3.0%

Shares of OPRT opened at $8.55 on Friday. The company has a market capitalization of $393.21 million, a P/E ratio of 21.38 and a beta of 1.24. The firm has a 50 day moving average of $7.23 and a 200 day moving average of $5.95. Oportun Financial has a twelve month low of $4.03 and a twelve month high of $8.66.

Oportun Financial (NASDAQ:OPRT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $233.23 million during the quarter, compared to analyst estimates of $230.68 million. Oportun Financial had a net margin of 2.05% and a return on equity of 13.41%. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. On average, sell-side analysts expect that Oportun Financial will post 1.32 EPS for the current year.

Insider Buying and Selling

In other Oportun Financial news, insider Kathleen Layton sold 4,223 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $7.80, for a total transaction of $32,939.40. Following the completion of the sale, the insider directly owned 292,006 shares in the company, valued at approximately $2,277,646.80. The trade was a 1.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 7,082 shares of company stock valued at $55,240. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Oportun Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Clearstead Advisors LLC increased its position in Oportun Financial by 192.9% during the fourth quarter. Clearstead Advisors LLC now owns 5,574 shares of the company’s stock valued at $29,000 after acquiring an additional 3,671 shares during the last quarter. Pinnacle Holdings LLC bought a new position in Oportun Financial in the second quarter valued at about $33,000. Abel Hall LLC purchased a new position in Oportun Financial in the first quarter worth about $57,000. The Manufacturers Life Insurance Company purchased a new position in Oportun Financial in the second quarter worth about $66,000. Finally, Canada Pension Plan Investment Board purchased a new position in Oportun Financial in the second quarter worth about $74,000. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Oportun Financial Company Profile

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Oportun Financial Corporation is a financial technology company that provides credit and other financial services to consumers who may have limited access to traditional banking products. The company focuses on using technology and data-driven underwriting to offer more accessible and affordable financial solutions.

Oportun’s products have included unsecured personal loans, credit cards and savings services. Its personal loans are designed to provide borrowers with installment financing for needs such as debt consolidation, home expenses and unexpected costs.

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