Informed Momentum Co LLC Makes New Investment 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 acquired a new position in shares of Oportun Financial Corporation (NASDAQ:OPRT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 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 reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Squarepoint Ops LLC acquired a new position in Oportun Financial during the 4th quarter worth $79,000. Balyasny Asset Management L.P. acquired a new position in Oportun Financial during the 4th quarter worth $80,000. Charles Schwab Investment Management Inc. acquired a new position in Oportun Financial during the 1st quarter worth $88,000. Barclays PLC boosted its holdings in shares of Oportun Financial by 26.5% in the 4th quarter. Barclays PLC now owns 24,447 shares of the company's stock valued at $96,000 after buying an additional 5,114 shares during the period. Finally, Telos Capital Management Inc. boosted its holdings in shares of Oportun Financial by 50.0% in the 1st quarter. Telos Capital Management Inc. now owns 20,015 shares of the company's stock valued at $110,000 after buying an additional 6,672 shares during the period. 82.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Oportun Financial Stock Performance

NASDAQ OPRT opened at $6.05 on Wednesday. The firm has a market capitalization of $266.26 million, a PE ratio of -30.25 and a beta of 1.23. The company has a 50-day simple moving average of $6.65 and a 200-day simple moving average of $6.10. Oportun Financial Corporation has a one year low of $2.37 and a one year high of $9.24.

About Oportun Financial

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.

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