Federated Hermes Inc. Sells 44,960 Shares of Oportun Financial Corporation (NASDAQ:OPRT)

Key Points

• Federated Hermes Inc. decreased its stake in Oportun Financial Corporation by 49.8%, selling 44,960 shares to end with 45,335 shares valued at $249,000.
• Several hedge funds have also adjusted their positions in Oportun, with over 82.70% of the company's stock now held by institutional investors.
• Analysts have varied opinions on Oportun, with ratings ranging from "hold" to "strong buy," and a consensus rating of "Moderate Buy" plus an average target price of $9.33.

Federated Hermes Inc. reduced its position in Oportun Financial Corporation (NASDAQ:OPRT - Free Report) by 49.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,335 shares of the company's stock after selling 44,960 shares during the quarter. Federated Hermes Inc. owned approximately 0.12% of Oportun Financial worth $249,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Bridgeway Capital Management LLC boosted its holdings in shares of Oportun Financial by 1.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 237,728 shares of the company's stock worth $922,000 after buying an additional 3,008 shares in the last quarter. Barclays PLC lifted its position in shares of Oportun Financial by 26.5% during the 4th quarter. Barclays PLC now owns 24,447 shares of the company's stock valued at $96,000 after acquiring an additional 5,114 shares during the period. Geode Capital Management LLC boosted its stake in Oportun Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 317,050 shares of the company's stock worth $1,230,000 after acquiring an additional 5,600 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Oportun Financial by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 82,826 shares of the company's stock worth $321,000 after purchasing an additional 5,901 shares during the period. Finally, Telos Capital Management Inc. increased its stake in Oportun Financial by 50.0% in the first quarter. Telos Capital Management Inc. now owns 20,015 shares of the company's stock valued at $110,000 after purchasing an additional 6,672 shares in the last quarter. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Oportun Financial Stock Down 1.6%

OPRT traded down $0.10 during trading on Thursday, hitting $6.15. 127,904 shares of the company traded hands, compared to its average volume of 529,049. Oportun Financial Corporation has a one year low of $2.37 and a one year high of $9.24. The stock's fifty day moving average is $6.65 and its 200 day moving average is $6.10. The firm has a market cap of $270.66 million, a P/E ratio of -30.76 and a beta of 1.23.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OPRT. 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 report on Friday, July 11th. Stephens initiated coverage on Oportun Financial in a research report on Thursday, June 12th. They set an "overweight" rating and a $10.00 target price on the stock. Sidoti raised shares of Oportun Financial to a "hold" rating in a research report on Thursday, May 1st. Finally, 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. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $9.33.

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.