Oportun Financial Corporation $OPRT Shares Bought by Walleye Capital LLC

Key Points

• Walleye Capital LLC increased its stake in Oportun Financial Corporation by 374.2% during the first quarter, owning 294,039 shares valued at approximately $1.61 million.
• Oportun Financial has recently received positive attention from analysts, with price targets raised, including a new target of $10.00 from Stephens and an upgrade to a "strong-buy" rating from Wall Street Zen.
• The stock currently has a consensus rating of "Moderate Buy" with a consensus target price of $9.33, as several research firms have issued varied recommendations.

Walleye Capital LLC increased its holdings in shares of Oportun Financial Corporation (NASDAQ:OPRT - Free Report) by 374.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,039 shares of the company's stock after buying an additional 232,035 shares during the quarter. Walleye Capital LLC owned 0.78% of Oportun Financial worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. 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 grew its stake 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 purchasing an additional 5,114 shares during the last quarter. Finally, Telos Capital Management Inc. grew its stake 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. Hedge funds and other institutional investors own 82.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OPRT. Stephens began coverage on Oportun Financial in a research note on Thursday, June 12th. They set an "overweight" rating and a $10.00 price target on the stock. Wall Street Zen upgraded Oportun Financial from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on Oportun Financial from $7.00 to $8.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $9.33.

Oportun Financial Stock Up 1.6%

Shares of OPRT traded up $0.10 during mid-day trading on Wednesday, reaching $6.42. The company had a trading volume of 524,723 shares, compared to its average volume of 537,616. Oportun Financial Corporation has a 52-week low of $2.37 and a 52-week high of $9.24. The stock has a market capitalization of $282.54 million, a P/E ratio of -32.10 and a beta of 1.33. The stock has a 50 day moving average of $6.45 and a two-hundred day moving average of $6.21.

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.