Oportun Financial Co. (NASDAQ:OPRT - Free Report) - Research analysts at B. Riley issued their Q1 2024 EPS estimates for Oportun Financial in a report issued on Wednesday, April 24th. B. Riley analyst H. Goetsch forecasts that the company will post earnings of $0.00 per share for the quarter. B. Riley has a "Buy" rating and a $8.00 price target on the stock. The consensus estimate for Oportun Financial's current full-year earnings is ($0.18) per share. B. Riley also issued estimates for Oportun Financial's Q2 2024 earnings at ($0.14) EPS, Q3 2024 earnings at $0.08 EPS, Q4 2024 earnings at $0.29 EPS, FY2024 earnings at $0.22 EPS and FY2025 earnings at $1.10 EPS.
Oportun Financial (NASDAQ:OPRT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.58) by ($0.06). The business had revenue of $262.60 million during the quarter, compared to the consensus estimate of $261.64 million. Oportun Financial had a negative return on equity of 31.58% and a negative net margin of 17.02%.
Several other analysts also recently weighed in on OPRT. Jefferies Financial Group downgraded shares of Oportun Financial from a "buy" rating to a "hold" rating and lowered their price target for the stock from $9.00 to $3.50 in a research note on Thursday, March 14th. Keefe, Bruyette & Woods lowered their price objective on shares of Oportun Financial from $4.50 to $4.00 and set a "market perform" rating for the company in a research note on Thursday, March 14th. Finally, JMP Securities reaffirmed a "market perform" rating and set a $6.50 price objective on shares of Oportun Financial in a research note on Friday, March 15th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $6.00.
Check Out Our Latest Research Report on OPRT
Oportun Financial Price Performance
Oportun Financial stock traded up $0.07 during mid-day trading on Monday, hitting $3.22. The company's stock had a trading volume of 243,763 shares, compared to its average volume of 374,149. The stock has a market cap of $111.28 million, a price-to-earnings ratio of -0.64 and a beta of 1.26. The business has a 50 day moving average price of $2.97 and a 200-day moving average price of $3.52. Oportun Financial has a 12 month low of $2.05 and a 12 month high of $7.73.
Hedge Funds Weigh In On Oportun Financial
Several hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its stake in Oportun Financial by 407.6% in the third quarter. Acadian Asset Management LLC now owns 538,627 shares of the company's stock worth $3,887,000 after buying an additional 432,517 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Oportun Financial in the third quarter worth about $39,000. Barclays PLC raised its stake in Oportun Financial by 132.7% in the third quarter. Barclays PLC now owns 36,952 shares of the company's stock worth $267,000 after buying an additional 21,071 shares in the last quarter. Citigroup Inc. raised its stake in Oportun Financial by 21,717.1% in the third quarter. Citigroup Inc. now owns 89,450 shares of the company's stock worth $646,000 after buying an additional 89,040 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in Oportun Financial in the third quarter worth about $347,000. 82.70% of the stock is 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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