Oportun Financial Corporation $OPRT Position Cut by EMG Holdings L.P.

Key Points

• EMG Holdings L.P. significantly reduced its stake in Oportun Financial Corporation by 77.7%, leaving it with 139,172 shares, which represents just 0.4% of its portfolio.
• JPMorgan Chase & Co. and other analysts have adjusted their ratings for Oportun, with JPMorgan raising its price target from $7.00 to $8.00 and maintaining a "neutral" rating.
• Oportun Financial's stock price recently opened at $6.00, reflecting a 3.1% increase, with a market cap of $264.06 million.

EMG Holdings L.P. trimmed its holdings in Oportun Financial Corporation (NASDAQ:OPRT - Free Report) by 77.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,172 shares of the company's stock after selling 484,051 shares during the quarter. Oportun Financial comprises 0.4% of EMG Holdings L.P.'s portfolio, making the stock its 15th largest holding. EMG Holdings L.P. owned about 0.37% of Oportun Financial worth $764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Millennium Management LLC grew its holdings in Oportun Financial by 7.4% in the 4th quarter. Millennium Management LLC now owns 1,502,970 shares of the company's stock worth $5,832,000 after buying an additional 104,186 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Oportun Financial by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company's stock worth $2,205,000 after buying an additional 24,984 shares in the last quarter. Two Sigma Advisers LP grew its holdings in Oportun Financial by 11.7% in the 4th quarter. Two Sigma Advisers LP now owns 508,500 shares of the company's stock worth $1,973,000 after buying an additional 53,400 shares in the last quarter. Boston Partners bought a new position in Oportun Financial in the 1st quarter worth approximately $2,728,000. Finally, Renaissance Technologies LLC grew its holdings in Oportun Financial by 22.5% in the 4th quarter. Renaissance Technologies LLC now owns 424,600 shares of the company's stock worth $1,647,000 after buying an additional 77,907 shares in the last quarter. 82.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Oportun Financial from $7.00 to $8.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Stephens assumed coverage on Oportun Financial in a research note on Thursday, June 12th. They set an "overweight" rating and a $10.00 price target for the company. Wall Street Zen raised Oportun Financial from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, Sidoti raised Oportun Financial to a "hold" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $9.33.

Oportun Financial Stock Up 3.1%

OPRT opened at $6.00 on Monday. The firm has a market cap of $264.06 million, a PE ratio of -30.00 and a beta of 1.23. The business has a fifty day simple moving average of $6.51 and a 200-day simple moving average of $6.19. Oportun Financial Corporation has a fifty-two week low of $2.37 and a fifty-two week high of $9.24.

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.

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