OMERS ADMINISTRATION Corp Acquires 46,400 Shares of Oportun Financial Corporation $OPRT

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Oportun Financial Corporation by 149.2%, owning 77,500 shares worth approximately $425,000 as of the latest quarter.
• Recent analyst coverage for Oportun Financial shows a range of opinions, with a price target set at $10.00 by Stephens and a boosted target of $8.00 from JPMorgan, contributing to a general rating of "Moderate Buy."
• The stock's performance has experienced significant fluctuation, having a one-year low of $2.37 and a high of $9.24, with a current trading price around $6.51.

OMERS ADMINISTRATION Corp boosted its stake in shares of Oportun Financial Corporation (NASDAQ:OPRT - Free Report) by 149.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,500 shares of the company's stock after acquiring an additional 46,400 shares during the quarter. OMERS ADMINISTRATION Corp owned 0.21% of Oportun Financial worth $425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of OPRT. Squarepoint Ops LLC purchased a new stake in Oportun Financial during the 4th quarter valued at about $79,000. Balyasny Asset Management L.P. purchased a new stake in Oportun Financial during the 4th quarter valued at about $80,000. Charles Schwab Investment Management Inc. purchased a new stake in Oportun Financial during the 1st quarter valued at about $88,000. Barclays PLC boosted its holdings in Oportun Financial by 26.5% during the 4th 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 period. Finally, Telos Capital Management Inc. raised its position in Oportun Financial by 50.0% during the 1st quarter. Telos Capital Management Inc. now owns 20,015 shares of the company's stock valued at $110,000 after purchasing an additional 6,672 shares during the last quarter. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Oportun Financial Price Performance

OPRT stock traded down $0.18 on Friday, reaching $6.57. 471,891 shares of the company traded hands, compared to its average volume of 567,532. Oportun Financial Corporation has a one year low of $2.37 and a one year high of $9.24. The company has a market cap of $289.14 million, a P/E ratio of -32.85 and a beta of 1.33. The firm has a fifty day simple moving average of $6.41 and a 200-day simple moving average of $6.18.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen raised Oportun Financial from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Stephens assumed coverage on Oportun Financial in a research report on Thursday, June 12th. They issued an "overweight" rating and a $10.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on Oportun Financial from $7.00 to $8.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. One investment 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 currently has an average rating of "Moderate Buy" and a consensus price target of $9.33.

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.