XTX Topco Ltd Buys New Position in Oportun Financial Corporation (NASDAQ:OPRT)

Key Points

• XTX Topco Ltd acquired 68,080 shares of Oportun Financial Corporation (NASDAQ:OPRT) in the first quarter, valuing the investment at approximately $374,000.
• Oportun Financial has recently seen increased institutional ownership, with 82.70% of its stock currently held by institutional investors.
• Wall Street analysts have rated Oportun Financial with a consensus of "Moderate Buy," with an average price target of $9.33.

XTX Topco Ltd bought a new stake in shares of Oportun Financial Corporation (NASDAQ:OPRT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 68,080 shares of the company's stock, valued at approximately $374,000. XTX Topco Ltd owned approximately 0.18% of Oportun Financial at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of OPRT. Millennium Management LLC raised its position in shares of Oportun Financial by 7.4% during the 4th quarter. Millennium Management LLC now owns 1,502,970 shares of the company's stock valued at $5,832,000 after acquiring an additional 104,186 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Oportun Financial during the fourth quarter worth $319,000. Renaissance Technologies LLC raised its holdings in shares of Oportun Financial by 22.5% during the fourth quarter. Renaissance Technologies LLC now owns 424,600 shares of the company's stock worth $1,647,000 after purchasing an additional 77,907 shares during the period. Jane Street Group LLC bought a new position in shares of Oportun Financial in the 4th quarter worth about $219,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of Oportun Financial by 11.7% in the 4th quarter. Two Sigma Advisers LP now owns 508,500 shares of the company's stock valued at $1,973,000 after buying an additional 53,400 shares during the period. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Oportun Financial Stock Performance

Shares of OPRT traded down $0.10 during mid-day trading on Thursday, reaching $6.15. 127,904 shares of the company's stock traded hands, compared to its average volume of 529,049. Oportun Financial Corporation has a 12 month low of $2.37 and a 12 month high of $9.24. The stock has a market capitalization of $270.66 million, a P/E ratio of -30.76 and a beta of 1.23. The business's 50-day moving average price is $6.65 and its 200-day moving average price is $6.10.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OPRT. Wall Street Zen upgraded shares of Oportun Financial from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. increased their price target on Oportun Financial from $7.00 to $8.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Sidoti upgraded Oportun Financial to a "hold" rating in a research report on Thursday, May 1st. Finally, Stephens initiated coverage on Oportun Financial in a research note on Thursday, June 12th. They set an "overweight" rating and a $10.00 price objective for the company. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $9.33.

Oportun Financial Profile

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.