Long Focus Capital Management LLC Reduces Stock Holdings in Oportun Financial Corporation $OPRT

Key Points

• Long Focus Capital Management LLC has reduced its stake in Oportun Financial Corporation by 12.9%, now owning 1,515,777 shares valued at $8,322,000 after selling 225,000 shares.
• Analyst ratings for Oportun Financial show a consensus of "Moderate Buy" with an average target price of $9.33, following upgrades from various firms including JPMorgan Chase & Co.
• Oportun Financial's stock has experienced volatility, with a 12-month range between $2.37 and $9.24, currently trading at $6.61.

Long Focus Capital Management LLC trimmed its stake in Oportun Financial Corporation (NASDAQ:OPRT - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,515,777 shares of the company's stock after selling 225,000 shares during the period. Long Focus Capital Management LLC owned approximately 4.04% of Oportun Financial worth $8,322,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Squarepoint Ops LLC bought a new position in shares of Oportun Financial in the fourth quarter worth approximately $79,000. Balyasny Asset Management L.P. purchased a new stake in Oportun Financial in the fourth quarter worth approximately $80,000. Charles Schwab Investment Management Inc. bought a new position in Oportun Financial during the first quarter valued at approximately $88,000. Barclays PLC grew its position in Oportun Financial by 26.5% during 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. Finally, Telos Capital Management Inc. grew its position in Oportun Financial by 50.0% during 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 during the last quarter. 82.70% of the stock is currently owned by institutional investors.

Oportun Financial Stock Up 3.0%

Shares of Oportun Financial stock traded up $0.19 on Wednesday, hitting $6.51. The stock had a trading volume of 684,496 shares, compared to its average volume of 538,590. Oportun Financial Corporation has a one year low of $2.37 and a one year high of $9.24. The stock has a market cap of $286.51 million, a price-to-earnings ratio of -32.55 and a beta of 1.33. The stock's 50-day simple moving average is $6.45 and its two-hundred day simple moving average is $6.21.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OPRT. JPMorgan Chase & Co. increased 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. Stephens began 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 on the stock. Finally, Wall Street Zen upgraded shares of Oportun Financial from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.33.

Oportun Financial Company 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.