JPMorgan Chase & Co. Issues Positive Forecast for Oportun Financial (NASDAQ:OPRT) Stock Price

Oportun Financial (NASDAQ:OPRT - Get Free Report) had its price target boosted by stock analysts at JPMorgan Chase & Co. from $7.00 to $8.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 15.62% from the stock's previous close.

A number of other equities analysts also recently weighed in on the company. Stephens initiated coverage on Oportun Financial in a research report on Thursday, June 12th. They set an "overweight" rating and a $10.00 price target for the company. Sidoti raised Oportun Financial to a "hold" rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $9.33.

Oportun Financial Trading Down 0.9%

Shares of OPRT traded down $0.06 during midday trading on Friday, hitting $6.92. The stock had a trading volume of 119,914 shares, compared to its average volume of 347,910. The firm has a market cap of $303.54 million, a P/E ratio of -6.20 and a beta of 1.24. The business has a 50-day simple moving average of $6.74 and a two-hundred day simple moving average of $5.71. Oportun Financial has a fifty-two week low of $2.37 and a fifty-two week high of $9.25.

Institutional Trading of Oportun Financial

Several hedge funds and other institutional investors have recently made changes to their positions in OPRT. D. E. Shaw & Co. Inc. acquired a new stake in Oportun Financial in the 4th quarter worth about $319,000. Millennium Management LLC lifted its stake 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 purchasing an additional 104,186 shares in the last quarter. Jane Street Group LLC purchased a new position in Oportun Financial in the 4th quarter worth approximately $219,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Oportun Financial by 747.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,300 shares of the company's stock worth $610,000 after purchasing an additional 138,735 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake 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 purchasing an additional 53,400 shares in the last quarter. Hedge funds and other institutional investors own 82.70% of the company's stock.

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.

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