Jump Financial LLC Acquires Shares of 71,918 Oportun Financial Corporation $OPRT

Jump Financial LLC acquired a new stake in Oportun Financial Corporation (NASDAQ:OPRT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 71,918 shares of the company's stock, valued at approximately $395,000. Jump Financial LLC owned approximately 0.19% of Oportun Financial at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in shares of Oportun Financial in the fourth quarter valued at $79,000. Balyasny Asset Management L.P. acquired a new stake in shares of Oportun Financial in the fourth quarter valued at $80,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Oportun Financial in the first quarter valued at $88,000. Barclays PLC raised its stake 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 in the last quarter. Finally, Telos Capital Management Inc. raised its stake in shares of 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 acquiring an additional 6,672 shares in the last quarter. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Oportun Financial from $7.00 to $8.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Wall Street Zen upgraded Oportun Financial from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, Stephens assumed coverage on Oportun Financial in a report on Thursday, June 12th. They issued an "overweight" rating and a $10.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $9.33.

Oportun Financial Price Performance

Shares of OPRT traded down $0.18 during midday trading on Friday, reaching $6.57. 471,891 shares of the stock were exchanged, compared to its average volume of 567,532. The business's 50-day moving average price is $6.41 and its 200 day moving average price is $6.19. Oportun Financial Corporation has a twelve month low of $2.37 and a twelve month high of $9.24. The company has a market capitalization of $289.15 million, a price-to-earnings ratio of -32.85 and a beta of 1.33.

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.