Analysts Set Oportun Financial Co. (NASDAQ:OPRT) PT at $8.33

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

Several analysts recently issued reports on OPRT shares. Sidoti raised Oportun Financial to a "hold" rating in a research note on Thursday, May 1st. JMP Securities reiterated a "market perform" rating on shares of Oportun Financial in a research report on Friday, February 14th. BTIG Research assumed coverage on shares of Oportun Financial in a report on Wednesday, March 5th. They issued a "buy" rating and a $10.00 target price on the stock. JPMorgan Chase & Co. cut 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 initiated coverage on shares of Oportun Financial in a report on Thursday. They issued an "overweight" rating and a $10.00 price target on the stock.

Oportun Financial Price Performance

Shares of Oportun Financial stock traded down $0.39 during trading on Thursday, hitting $7.01. 337,647 shares of the company's stock traded hands, compared to its average volume of 291,807. Oportun Financial has a 1 year low of $2.37 and a 1 year high of $9.25. The business has a 50-day simple moving average of $5.73 and a 200-day simple moving average of $5.25. The stock has a market capitalization of $307.53 million, a P/E ratio of -3.49 and a beta of 1.25.

Institutional Trading of Oportun Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OPRT. Acadian Asset Management LLC lifted its position 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 valued at $5,790,000 after purchasing an additional 167,564 shares during the period. Flaharty Asset Management LLC raised its stake in shares of Oportun Financial by 20.0% during the 1st quarter. Flaharty Asset Management LLC now owns 60,000 shares of the company's stock valued at $329,000 after buying an additional 10,000 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Oportun Financial by 238.6% in the 1st quarter. Jane Street Group LLC now owns 191,066 shares of the company's stock valued at $1,049,000 after buying an additional 134,643 shares during the period. Empowered Funds LLC lifted its holdings in shares of Oportun Financial by 7.5% in the 1st quarter. Empowered Funds LLC now owns 124,980 shares of the company's stock valued at $686,000 after buying an additional 8,752 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Oportun Financial by 499.3% in the first quarter. Goldman Sachs Group Inc. now owns 313,446 shares of the company's stock worth $1,721,000 after buying an additional 261,147 shares during the last quarter. Institutional investors and hedge funds 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.