Jacobs Levy Equity Management Inc. Sells 68,508 Shares of Oportun Financial Co. (NASDAQ:OPRT)

Jacobs Levy Equity Management Inc. trimmed its position in Oportun Financial Co. (NASDAQ:OPRT - Free Report) by 38.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,610 shares of the company's stock after selling 68,508 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.30% of Oportun Financial worth $418,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Telos Capital Management Inc. acquired a new stake in shares of Oportun Financial in the fourth quarter valued at about $52,000. Balyasny Asset Management L.P. acquired a new stake in shares of Oportun Financial in the fourth quarter valued at about $80,000. Barclays PLC increased its position in shares of Oportun Financial by 26.5% in the fourth 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 last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Oportun Financial in the fourth quarter valued at about $148,000. Finally, Flaharty Asset Management LLC increased its position in shares of Oportun Financial by 11.1% in 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 during the last quarter. Institutional investors and hedge funds own 82.70% of the company's stock.

Analysts Set New Price Targets

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

Oportun Financial Price Performance

NASDAQ OPRT traded down $0.25 during trading on Friday, reaching $6.15. 264,864 shares of the company's stock were exchanged, compared to its average volume of 279,702. The business has a 50 day moving average price of $5.47 and a 200-day moving average price of $4.93. The stock has a market capitalization of $230.63 million, a P/E ratio of -3.06 and a beta of 1.23. Oportun Financial Co. has a fifty-two week low of $2.37 and a fifty-two week high of $9.25.

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.