Oportun Financial Co. (NASDAQ:OPRT) Given Average Rating of "Moderate Buy" by Analysts

Oportun Financial Co. (NASDAQ:OPRT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $8.33.

Several research firms have weighed in on OPRT. Sidoti raised Oportun Financial to a "hold" rating in a research report on Thursday, May 1st. BTIG Research started coverage on shares of Oportun Financial in a report on Wednesday, March 5th. They issued a "buy" rating and a $10.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of Oportun Financial from $6.50 to $5.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Stephens started coverage on shares of Oportun Financial in a research note on Thursday. They set an "overweight" rating and a $10.00 target price for the company.

Oportun Financial Stock Performance

Shares of NASDAQ OPRT traded down $0.20 during trading hours on Thursday, hitting $6.81. The company's stock had a trading volume of 281,133 shares, compared to its average volume of 293,722. The business has a 50-day simple moving average of $5.82 and a 200-day simple moving average of $5.32. The stock has a market cap of $298.75 million, a price-to-earnings ratio of -3.39 and a beta of 1.25. Oportun Financial has a 12 month low of $2.37 and a 12 month high of $9.25.

Institutional Trading of Oportun Financial

Several hedge funds have recently bought and sold shares of OPRT. Millennium Management LLC raised its position in shares of Oportun Financial by 28.9% during the 1st quarter. Millennium Management LLC now owns 1,936,797 shares of the company's stock valued at $10,633,000 after buying an additional 433,827 shares in the last quarter. Acuitas Investments LLC grew its stake in Oportun Financial by 11.9% in the fourth quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company's stock worth $4,463,000 after purchasing an additional 122,360 shares in the last quarter. Acadian Asset Management LLC grew its stake in Oportun Financial by 18.9% in the first quarter. Acadian Asset Management LLC now owns 1,055,274 shares of the company's stock worth $5,790,000 after purchasing an additional 167,564 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Oportun Financial by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company's stock worth $2,205,000 after purchasing an additional 24,984 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in Oportun Financial by 11.7% during the 4th quarter. Two Sigma Advisers LP now owns 508,500 shares of the company's stock valued at $1,973,000 after acquiring 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.