82,321 Shares in Oportun Financial Co. (NASDAQ:OPRT) Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. purchased a new position in Oportun Financial Co. (NASDAQ:OPRT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 82,321 shares of the company's stock, valued at approximately $319,000. D. E. Shaw & Co. Inc. owned about 0.23% of Oportun Financial at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Telos Capital Management Inc. purchased a new stake in Oportun Financial in the fourth quarter valued at approximately $52,000. Empowered Funds LLC grew its position in Oportun Financial by 5.1% during the 4th quarter. Empowered Funds LLC now owns 116,228 shares of the company's stock worth $451,000 after purchasing an additional 5,608 shares during the period. Acuitas Investments LLC boosted its stake in shares of Oportun Financial by 11.9% in the fourth quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company's stock worth $4,463,000 after buying an additional 122,360 shares during the last quarter. Flaharty Asset Management LLC raised its position in Oportun Financial by 11.1% during the fourth quarter. Flaharty Asset Management LLC now owns 50,000 shares of the company's stock valued at $194,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Oportun Financial by 747.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,300 shares of the company's stock valued at $610,000 after buying an additional 138,735 shares during the period. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on OPRT shares. JPMorgan Chase & Co. cut their price objective on Oportun Financial from $6.50 to $5.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Sidoti raised Oportun Financial to a "hold" rating in a research note on Thursday, May 1st. JMP Securities reiterated a "market perform" rating on shares of Oportun Financial in a research report on Friday, February 14th. Finally, BTIG Research assumed coverage on Oportun Financial in a report on Wednesday, March 5th. They set a "buy" rating and a $10.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $7.50.

Oportun Financial Price Performance

Shares of OPRT stock traded down $0.11 during trading on Friday, hitting $6.55. 292,072 shares of the stock traded hands, compared to its average volume of 281,611. The firm has a market capitalization of $245.63 million, a P/E ratio of -3.26 and a beta of 1.23. Oportun Financial Co. has a 52-week low of $2.37 and a 52-week high of $9.25. The firm's fifty day moving average price is $5.51 and its 200-day moving average price is $5.03.

Oportun Financial Company 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.