Oportun Financial (NASDAQ:OPRT) Earns "Market Perform" Rating from JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Oportun Financial (NASDAQ:OPRT - Free Report) in a research report report published on Monday morning, Benzinga reports.

OPRT has been the subject of several other reports. B. Riley reduced their target price on Oportun Financial from $9.00 to $8.00 and set a buy rating for the company in a report on Wednesday, April 24th. Keefe, Bruyette & Woods lowered their target price on shares of Oportun Financial from $4.50 to $4.00 and set a market perform rating on the stock in a research note on Thursday, March 14th. Finally, Jefferies Financial Group downgraded shares of Oportun Financial from a buy rating to a hold rating and dropped their target price for the stock from $9.00 to $3.50 in a report on Thursday, March 14th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Oportun Financial has an average rating of Hold and a consensus price target of $6.00.

Oportun Financial Trading Down 1.4 %

NASDAQ:OPRT traded down $0.06 during trading hours on Monday, hitting $4.36. 348,118 shares of the stock traded hands, compared to its average volume of 370,122. Oportun Financial has a fifty-two week low of $2.05 and a fifty-two week high of $7.73. The firm has a 50 day moving average price of $2.92 and a 200 day moving average price of $3.36. The firm has a market cap of $155.17 million, a price-to-earnings ratio of -1.60 and a beta of 1.13.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.13. Oportun Financial had a negative net margin of 9.94% and a negative return on equity of 10.73%. The firm had revenue of $250.50 million during the quarter, compared to analysts' expectations of $249.90 million. During the same period in the previous year, the company earned ($2.70) earnings per share. Research analysts predict that Oportun Financial will post -0.18 EPS for the current year.

Institutional Trading of Oportun Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its stake in shares of Oportun Financial by 3.9% in the third quarter. Bank of New York Mellon Corp now owns 76,347 shares of the company's stock valued at $551,000 after purchasing an additional 2,865 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Oportun Financial in the 3rd quarter valued at $39,000. Empowered Funds LLC raised its stake in shares of Oportun Financial by 8.2% in the 1st quarter. Empowered Funds LLC now owns 97,432 shares of the company's stock valued at $237,000 after buying an additional 7,350 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Oportun Financial during the 4th quarter valued at about $40,000. Finally, Versant Capital Management Inc increased its stake in Oportun Financial by 85.2% in the first quarter. Versant Capital Management Inc now owns 30,601 shares of the company's stock valued at $74,000 after acquiring an additional 14,079 shares during the period. 82.70% of the stock is currently owned by institutional investors and hedge funds.

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.