Oportun Financial (NASDAQ:OPRT - Get Free Report) had its target price lifted by equities researchers at JPMorgan Chase & Co. from $7.00 to $8.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 23.27% from the stock's previous close.
Several other research analysts have also issued reports on OPRT. Sidoti upgraded Oportun Financial to a "hold" rating in a research report on Thursday, May 1st. Stephens started coverage on Oportun Financial in a research report on Thursday, June 12th. They issued an "overweight" rating and a $10.00 price target on the stock. Three investment 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $9.33.
Get Our Latest Research Report on Oportun Financial
Oportun Financial Trading Down 4.3%
Shares of NASDAQ:OPRT traded down $0.29 during midday trading on Friday, hitting $6.49. The company had a trading volume of 1,247,466 shares, compared to its average volume of 354,279. Oportun Financial has a 12 month low of $2.37 and a 12 month high of $9.25. The stock has a market cap of $284.72 million, a price-to-earnings ratio of -5.79 and a beta of 1.24. The firm has a fifty day simple moving average of $6.79 and a 200 day simple moving average of $5.77.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its holdings in Oportun Financial by 28.9% during the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company's stock worth $10,633,000 after acquiring an additional 433,827 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Oportun Financial by 18.9% during the first quarter. Acadian Asset Management LLC now owns 1,055,274 shares of the company's stock worth $5,790,000 after acquiring an additional 167,564 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Oportun Financial by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company's stock worth $2,205,000 after acquiring an additional 24,984 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in Oportun Financial by 11.7% during the fourth quarter. Two Sigma Advisers LP now owns 508,500 shares of the company's stock worth $1,973,000 after acquiring an additional 53,400 shares in the last quarter. Finally, Boston Partners bought a new position in Oportun Financial during the first quarter worth about $2,728,000. 82.70% of the stock is currently owned by institutional investors.
About Oportun Financial
(
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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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