Cubist Systematic Strategies LLC Buys 87,119 Shares of Oportun Financial Corporation $OPRT

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in Oportun Financial Corporation by 164.1%, holding 140,199 shares valued at $770,000 as of the end of the first quarter.
• Institutional investors own 82.70% of Oportun Financial’s stock, with several hedge funds making new acquisitions and increasing their stakes in recent quarters.
• Analysts have given Oportun Financial an average rating of "Moderate Buy" with a target price of $9.33, following upgrades and new coverage from multiple investment firms.

Cubist Systematic Strategies LLC raised its stake in Oportun Financial Corporation (NASDAQ:OPRT - Free Report) by 164.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,199 shares of the company's stock after acquiring an additional 87,119 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.37% of Oportun Financial worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. acquired a new stake in Oportun Financial in the 4th quarter valued at about $319,000. Millennium Management LLC grew 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 worth $5,832,000 after buying an additional 104,186 shares during the period. Jane Street Group LLC acquired a new stake in shares of Oportun Financial during the 4th quarter worth approximately $219,000. Jump Financial LLC acquired a new stake in shares of Oportun Financial during the 1st quarter worth approximately $395,000. Finally, Two Sigma Advisers LP grew its position in shares of Oportun Financial by 11.7% during the 4th quarter. Two Sigma Advisers LP now owns 508,500 shares of the company's stock worth $1,973,000 after buying an additional 53,400 shares during the period. Institutional investors and hedge funds own 82.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on OPRT shares. Wall Street Zen upgraded shares of Oportun Financial from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of Oportun Financial from $7.00 to $8.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Finally, Stephens initiated coverage on shares of Oportun Financial in a research note on Thursday, June 12th. They issued an "overweight" rating and a $10.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $9.33.

Insider Buying and Selling at Oportun Financial

In other news, insider Kathleen I. Layton sold 4,214 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $6.64, for a total value of $27,980.96. Following the transaction, the insider directly owned 159,184 shares of the company's stock, valued at $1,056,981.76. This represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.30% of the stock is owned by insiders.

Oportun Financial Price Performance

NASDAQ OPRT traded up $0.11 on Monday, hitting $6.76. 119,190 shares of the stock were exchanged, compared to its average volume of 542,895. The business's fifty day moving average is $6.37 and its 200 day moving average is $6.14. Oportun Financial Corporation has a 52 week low of $2.40 and a 52 week high of $9.24. The company has a market capitalization of $297.51 million, a PE ratio of -33.80 and a beta of 1.33.

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.