Union Square Park Capital Management LLC Lowers Stake in Oportun Financial Co. (NASDAQ:OPRT)

Union Square Park Capital Management LLC cut its holdings in shares of Oportun Financial Co. (NASDAQ:OPRT - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 532,879 shares of the company's stock after selling 165,802 shares during the period. Oportun Financial accounts for approximately 1.3% of Union Square Park Capital Management LLC's investment portfolio, making the stock its 22nd biggest holding. Union Square Park Capital Management LLC owned about 1.48% of Oportun Financial worth $2,068,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Bridgeway Capital Management LLC increased its position in shares of Oportun Financial by 1.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 237,728 shares of the company's stock worth $922,000 after purchasing an additional 3,008 shares in the last quarter. Flaharty Asset Management LLC increased its position in shares of Oportun Financial by 11.1% during the fourth quarter. Flaharty Asset Management LLC now owns 50,000 shares of the company's stock worth $194,000 after purchasing an additional 5,000 shares in the last quarter. Barclays PLC increased its position in shares of Oportun Financial by 26.5% during the fourth quarter. Barclays PLC now owns 24,447 shares of the company's stock worth $96,000 after purchasing an additional 5,114 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Oportun Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 317,050 shares of the company's stock worth $1,230,000 after purchasing an additional 5,600 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of Oportun Financial by 5.1% during the fourth quarter. Empowered Funds LLC now owns 116,228 shares of the company's stock worth $451,000 after purchasing an additional 5,608 shares in the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on OPRT shares. JPMorgan Chase & Co. reduced 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. BTIG Research began coverage on Oportun Financial in a research report on Wednesday, March 5th. They issued a "buy" rating and a $10.00 target price on the stock. JMP Securities reissued a "market perform" rating on shares of Oportun Financial in a research report on Friday, February 14th. Finally, Sidoti raised Oportun Financial to a "hold" rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $7.50.

Oportun Financial Stock Performance

Shares of OPRT opened at $6.89 on Tuesday. The business's 50-day moving average is $5.40 and its two-hundred day moving average is $4.86. The company has a market capitalization of $258.38 million, a P/E ratio of -3.43 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.

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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