Oportun Financial Co. (NASDAQ:OPRT) Receives Average Rating of "Hold" from Analysts

Oportun Financial Co. (NASDAQ:OPRT - Get Free Report) has earned an average recommendation of "Hold" from the seven brokerages that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $6.57.

A number of research analysts have issued reports on OPRT shares. Jefferies Financial Group downgraded shares of Oportun Financial from a "buy" rating to a "hold" rating and cut their target price for the company from $9.00 to $3.50 in a research report on Thursday, March 14th. Keefe, Bruyette & Woods decreased their price target 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 target on shares of Oportun Financial in a report on Friday, March 15th.

Institutional Trading of Oportun Financial

Several institutional investors have recently made changes to their positions in OPRT. Findell Capital Management LLC purchased a new position in shares of Oportun Financial in the 4th quarter valued at $7,820,000. Summa Corp. purchased a new position in shares of Oportun Financial in the 4th quarter valued at about $2,204,000. Acadian Asset Management LLC increased its stake in Oportun Financial by 407.6% during the 3rd 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. Invesco Ltd. grew its position in shares of Oportun Financial by 324.0% in the third quarter. Invesco Ltd. now owns 446,370 shares of the company's stock valued at $3,223,000 after purchasing an additional 341,102 shares in the last quarter. Finally, Acuitas Investments LLC acquired a new position in Oportun Financial during the third quarter worth $2,081,000. Hedge funds and other institutional investors own 82.70% of the company's stock.

Oportun Financial Trading Up 4.6 %

NASDAQ OPRT traded up $0.10 during trading hours on Monday, reaching $2.28. 203,863 shares of the company traded hands, compared to its average volume of 222,225. The company has a 50 day moving average of $3.28 and a two-hundred day moving average of $3.99. Oportun Financial has a 12 month low of $2.13 and a 12 month high of $7.73. The stock has a market capitalization of $78.80 million, a PE ratio of -0.45 and a beta of 1.26.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last announced its earnings results on Tuesday, March 12th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.58) by ($0.06). Oportun Financial had a negative return on equity of 31.58% and a negative net margin of 17.02%. The firm had revenue of $262.60 million during the quarter, compared to analyst estimates of $261.64 million. On average, equities research analysts anticipate that Oportun Financial will post 0.56 earnings per share for the current year.

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.