Oportun Financial Corporation (NASDAQ:OPRT) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Oportun Financial, with three holds and two buys; the average 12-month price target is $7.75.
• Institutional investors own 82.70% of the company, while insiders sold 7,082 shares worth approximately $55,240 over the past three months.
• Oportun’s latest quarterly results exceeded expectations, with earnings of $0.42 per share versus a $0.33 estimate and revenue of $233.23 million; the stock recently traded at $8.85, near its 12-month high.

Oportun Financial Corporation (NASDAQ:OPRT - Get Free Report) has earned a consensus recommendation of "Hold" from the five brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $7.75.

Several analysts have recently commented on OPRT shares. Jefferies Financial Group increased their price objective on Oportun Financial from $6.00 to $9.00 and gave the company a "hold" rating in a report on Wednesday, October 7th. Stephens raised their price objective on Oportun Financial from $7.00 to $8.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Oportun Financial from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Finally, Wall Street Zen lowered Oportun Financial from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 26th.

Insider Buying and Selling

In other Oportun Financial 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 value of $32,939.40. Following the completion of the sale, the insider owned 292,006 shares of the company's stock, valued at approximately $2,277,646.80. This trade represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 7,082 shares of company stock valued at $55,240 in the last three months. Company insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Oportun Financial

A number of large investors have recently modified their holdings of the business. Squarepoint Ops LLC purchased a new position in shares of Oportun Financial in the second quarter worth $112,000. AXQ Capital LP acquired a new stake in shares of Oportun Financial during the second quarter worth $78,000. Empowered Funds LLC purchased a new stake in shares of Oportun Financial during the second quarter valued at $1,162,000. Bank of America Corp DE purchased a new stake in shares of Oportun Financial during the second quarter valued at $840,000. Finally, Man Group plc purchased a new stake in shares of Oportun Financial during the second quarter valued at $545,000. Hedge funds and other institutional investors own 82.70% of the company's stock.

Oportun Financial Stock Down 2.5%

Oportun Financial stock opened at $8.85 on Tuesday. The business has a fifty day moving average of $8.03 and a two-hundred day moving average of $6.42. The firm has a market cap of $407.01 million, a P/E ratio of 22.13 and a beta of 1.25. Oportun Financial has a twelve month low of $4.03 and a twelve month high of $9.35.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. The business 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. Equities analysts expect that Oportun Financial will post 1.28 earnings per share for the current year.

Oportun Financial Company Profile

Oportun Financial Corporation is a financial technology company that provides responsible, affordable credit and other financial services to consumers in the United States. The company focuses primarily on serving Hispanic and Latino communities, as well as other consumers who may have limited or no traditional credit histories.

Oportun's offerings have included unsecured personal loans, credit cards and related financial products designed to help customers manage expenses, consolidate debt and establish or build credit.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.