BlackRock Inc. acquired a new stake in Oportun Financial Corporation (NASDAQ:OPRT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,370,232 shares of the company's stock, valued at approximately $19,244,000. BlackRock Inc. owned 7.34% of Oportun Financial at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of OPRT. Kemnay Advisory Services Inc. acquired a new stake in Oportun Financial during the 4th quarter worth $28,000. Clearstead Advisors LLC boosted its position in shares of Oportun Financial by 192.9% in the 4th quarter. Clearstead Advisors LLC now owns 5,574 shares of the company's stock worth $29,000 after purchasing an additional 3,671 shares during the last quarter. Abel Hall LLC acquired a new stake in shares of Oportun Financial during the first quarter worth $57,000. Virtu Financial LLC acquired a new stake in shares of Oportun Financial during the third quarter worth $64,000. Finally, State of Wyoming bought a new stake in Oportun Financial in the second quarter valued at about $76,000. 82.70% of the stock is owned by institutional investors.
Oportun Financial Trading Up 4.2%
Shares of OPRT opened at $7.43 on Thursday. The company has a market cap of $341.71 million, a price-to-earnings ratio of 18.58 and a beta of 1.24. Oportun Financial Corporation has a 1-year low of $4.03 and a 1-year high of $8.30. The company's fifty day simple moving average is $6.48 and its 200 day simple moving average is $5.62.
Oportun Financial (NASDAQ:OPRT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. Oportun Financial had a net margin of 2.05% and a return on equity of 13.41%. The firm had revenue of $233.23 million during the quarter, compared to analysts' expectations of $230.68 million. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. As a group, research analysts forecast that Oportun Financial Corporation will post 1.32 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of Oportun Financial in a research report on Wednesday, June 24th. Wall Street Zen raised Oportun Financial from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Finally, Stephens raised their price objective on Oportun Financial from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7.33.
Check Out Our Latest Stock Report on Oportun Financial
About Oportun Financial
(
Free Report)
Oportun Financial Corporation NASDAQ: OPRT is a financial technology company that provides consumer lending products aimed at serving the underbanked and credit-invisible population in the United States. Headquartered in Redwood City, California, Oportun operates a digital platform that enables borrowers to access credit through unsecured personal installment loans, secured credit-builder loans and a proprietary mobile wallet. The company leverages machine learning and alternative data sources to assess creditworthiness, extending financial services to customers with limited or no traditional credit history.
The company's core offerings include fixed-term installment loans designed to help individuals cover unexpected expenses, consolidate debt or build credit.
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