Jacobs Levy Equity Management Inc. lessened its stake in Oportun Financial Co. (NASDAQ:OPRT - Free Report) by 38.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,610 shares of the company's stock after selling 68,508 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.30% of Oportun Financial worth $418,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Acuitas Investments LLC increased its holdings in Oportun Financial by 11.9% during the 4th quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company's stock valued at $4,463,000 after purchasing an additional 122,360 shares during the period. Dimensional Fund Advisors LP increased its holdings in Oportun Financial by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company's stock valued at $2,205,000 after purchasing an additional 24,984 shares during the period. Renaissance Technologies LLC increased its holdings in 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 during the period. Kennedy Capital Management LLC increased its holdings in 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 during the period. Finally, Geode Capital Management LLC increased its holdings in 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 during the period. Institutional investors own 82.70% of the company's stock.
Oportun Financial Stock Performance
OPRT stock opened at $6.75 on Friday. Oportun Financial Co. has a fifty-two week low of $2.37 and a fifty-two week high of $9.25. The business's 50 day moving average price is $5.38 and its two-hundred day moving average price is $4.82. The company has a market capitalization of $253.13 million, a price-to-earnings ratio of -3.36 and a beta of 1.23.
Oportun Financial (NASDAQ:OPRT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.32. Oportun Financial had a positive return on equity of 5.49% and a negative net margin of 7.86%. Sell-side analysts forecast that Oportun Financial Co. will post 0.94 earnings per share for the current year.
Analyst Ratings Changes
OPRT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on Oportun Financial from $6.50 to $5.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. JMP Securities restated a "market perform" rating on shares of Oportun Financial in a report on Friday, February 14th. Sidoti upgraded Oportun Financial to a "hold" rating in a report on Thursday, May 1st. Finally, BTIG Research started coverage on Oportun Financial in a report on Wednesday, March 5th. They set a "buy" rating and a $10.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $7.50.
Get Our Latest Research Report on OPRT
Oportun Financial Company Profile
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Free Report)
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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