Informed Momentum Co LLC Purchases New Shares in Oportun Financial Corporation (NASDAQ:OPRT)

Key Points

• Informed Momentum Co LLC acquired 149,333 shares of Oportun Financial Corporation, valued at approximately $820,000, representing about 0.40% ownership as of the latest SEC filing.
• Several hedge funds, including Squarepoint Ops LLC and Balyasny Asset Management, have recently increased their stakes in Oportun Financial, indicating growing institutional interest in the stock.
• Wall Street analysts have mixed ratings for Oportun Financial, with a consensus price target of $9.33 and varying assessments ranging from "hold" to "strong buy."

Informed Momentum Co LLC bought a new stake in shares of Oportun Financial Corporation (NASDAQ:OPRT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 149,333 shares of the company's stock, valued at approximately $820,000. Informed Momentum Co LLC owned approximately 0.40% of Oportun Financial at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of OPRT. JPMorgan Chase & Co. boosted its stake in shares of Oportun Financial by 7.7% during the 4th quarter. JPMorgan Chase & Co. now owns 82,826 shares of the company's stock valued at $321,000 after purchasing an additional 5,901 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Oportun Financial by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 317,050 shares of the company's stock valued at $1,230,000 after purchasing an additional 5,600 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Oportun Financial by 22.5% during the 4th quarter. Renaissance Technologies LLC now owns 424,600 shares of the company's stock valued at $1,647,000 after purchasing an additional 77,907 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in shares of Oportun Financial by 8.4% during the 4th quarter. Kennedy Capital Management LLC now owns 374,863 shares of the company's stock valued at $1,454,000 after purchasing an additional 29,096 shares in the last quarter. Finally, Barclays PLC boosted its stake 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 purchasing an additional 5,114 shares in the last quarter. Institutional investors own 82.70% of the company's stock.

Oportun Financial Trading Down 2.3%

NASDAQ OPRT traded down $0.14 during trading hours on Friday, hitting $6.05. 1,046,815 shares of the company's stock traded hands, compared to its average volume of 512,480. The business's fifty day moving average price is $6.62 and its two-hundred day moving average price is $6.15. The firm has a market capitalization of $266.25 million, a P/E ratio of -30.25 and a beta of 1.23. Oportun Financial Corporation has a 52 week low of $2.37 and a 52 week high of $9.24.

Analyst Upgrades and Downgrades

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