Oportun Financial (NASDAQ:OPRT) Stock Rating Raised to Strong-Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Oportun Financial to “strong-buy” from “buy,” although the broader analyst consensus remains “hold,” with an average price target of $7.75.
• OPRT opened at $9.19, near its 12-month high of $9.45, with shares up from their 50-day and 200-day moving averages and a market capitalization of approximately $422.7 million.
• Oportun exceeded quarterly expectations, reporting adjusted earnings of $0.42 per share versus the $0.33 consensus estimate and revenue of $233.23 million; institutional investors own approximately 82.7% of the stock.

Oportun Financial (NASDAQ:OPRT - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday, Wall Street Zen reports.

A number of other equities analysts have also issued reports on the company. Weiss Ratings upgraded Oportun Financial from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Stephens lifted their price target on Oportun Financial from $7.00 to $8.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Finally, Jefferies Financial Group boosted their price target on Oportun Financial from $6.00 to $9.00 and gave the company a "hold" rating in a research note on Wednesday, October 7th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.75.

Oportun Financial Trading Down 1.3%

NASDAQ OPRT opened at $9.19 on Friday. The company has a fifty day simple moving average of $8.16 and a two-hundred day simple moving average of $6.54. The stock has a market cap of $422.65 million, a P/E ratio of 8.54 and a beta of 1.25. Oportun Financial has a 12-month low of $4.03 and a 12-month high of $9.45.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. The business had revenue of $233.23 million during the quarter, compared to the consensus estimate 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. As a group, sell-side analysts forecast that Oportun Financial will post 1.28 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Kathleen Layton sold 4,223 shares of the firm's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $7.80, for a total transaction of $32,939.40. Following the sale, the insider directly owned 292,006 shares of the company's stock, valued at $2,277,646.80. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 7,082 shares of company stock worth $55,240 over the last quarter. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Pinnacle Holdings LLC acquired a new stake in shares of Oportun Financial during the 2nd quarter worth approximately $33,000. Abel Hall LLC purchased a new position in shares of Oportun Financial during the 1st quarter valued at approximately $57,000. The Manufacturers Life Insurance Company acquired a new position in shares of Oportun Financial in the 2nd quarter valued at $66,000. Canada Pension Plan Investment Board acquired a new position in shares of Oportun Financial in the 2nd quarter valued at $74,000. Finally, State of Wyoming acquired a new position in shares of Oportun Financial in the 2nd quarter valued at $76,000. 82.70% of the stock is owned by institutional investors and hedge funds.

About Oportun Financial

Oportun Financial Corp. is a financial technology company that provides credit products and related financial services to consumers in the United States, with a particular focus on serving Hispanic and other traditionally underserved communities. The company uses data-driven underwriting and digital tools to offer customers access to credit, including borrowers who may have limited credit histories.

Oportun's primary products have included unsecured personal loans and credit cards. Through its digital platform and customer service channels, the company has also provided tools intended to help consumers manage borrowing, make payments and build or strengthen their credit profiles.

Founded in 2005 as Progreso Financiero, the company adopted the Oportun name in 2015 and became a publicly traded company in 2019.

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