Oportun Financial Corporation (OPRT) - What Are Researchers Saying About This Stock?

Key Points

• Analysts have a “Moderate Buy” consensus among six covering firms: two rate Oportun Financial a buy, one a strong buy, and three a hold. Their average 12-month price target is $9.25, although Stephens raised its target to $14.
• Oportun reported quarterly EPS of $0.51, beating the $0.46 estimate, and revenue of $246.28 million versus the $237.87 million consensus.
• Institutional investors own 82.7% of the shares. Insiders sold 7,082 shares worth about $55,240 over the past three months.

Shares of Oportun Financial Corporation (NASDAQ:OPRT - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $9.25.

Several equities analysts have issued reports on the stock. Zacks Research upgraded shares of Oportun Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 10th. Wall Street Zen upgraded shares of Oportun Financial from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 24th. Stephens boosted their price objective on shares of Oportun Financial from $12.00 to $14.00 and gave the company an "overweight" rating in a report on Wednesday, November 4th. Jefferies Financial Group raised their target price on shares of Oportun Financial from $6.00 to $9.00 and gave the stock a "hold" rating in a report on Wednesday, October 7th. Finally, Weiss Ratings raised shares of Oportun Financial from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th.

Insider Buying and Selling

In related news, insider Kathleen Layton sold 4,223 shares of the company's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $7.80, for a total transaction of $32,939.40. Following the completion of the sale, the insider owned 292,006 shares in the company, valued at approximately $2,277,646.80. This 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 can be accessed through the SEC website. Insiders sold a total of 7,082 shares of company stock worth $55,240 in the last three months. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oportun Financial

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Oportun Financial in the 2nd quarter worth approximately $19,244,000. Dimensional Fund Advisors LP grew its position in Oportun Financial by 20.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,363,788 shares of the company's stock valued at $6,287,000 after buying an additional 234,723 shares during the period. Meros Investment Management LP bought a new stake in Oportun Financial during the second quarter valued at approximately $6,425,069. CenterBook Partners LP bought a new stake in Oportun Financial during the third quarter valued at approximately $7,068,000. Finally, Empowered Funds LLC grew its position in Oportun Financial by 36.2% during the third quarter. Empowered Funds LLC now owns 277,132 shares of the company's stock valued at $2,256,000 after buying an additional 73,654 shares during the period. 82.70% of the stock is currently owned by institutional investors.

Oportun Financial Stock Down 0.3%

Shares of Oportun Financial stock traded down $0.03 on Friday, reaching $11.73. The company's stock had a trading volume of 384,475 shares, compared to its average volume of 768,697. Oportun Financial has a 52 week low of $4.03 and a 52 week high of $13.34. The firm's fifty day simple moving average is $9.18 and its two-hundred day simple moving average is $6.52. The company has a market capitalization of $540.52 million, a price-to-earnings ratio of 15.85 and a beta of 1.29.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. Oportun Financial had a return on equity of 14.67% and a net margin of 3.88%. The firm had revenue of $246.28 million for the quarter, compared to the consensus estimate of $237.87 million. As a group, research analysts predict that Oportun Financial will post 1.50 EPS for the current year.

Oportun Financial Company Profile

Oportun Financial provides consumer financial products designed primarily for people with limited or no credit history. Its offerings include personal loans and credit cards, supported by technology intended to help customers access credit and build their financial histories. Founded in 2005 as Progreso Financiero, the company later adopted the Oportun name. It serves customers in the United States through digital channels and a network of retail locations. Oportun has also offered savings-related services, including automated savings tools.

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