Oportun Financial Corporation (NASDAQ:OPRT - Get Free Report) has been given an average recommendation of "Hold" by the five ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $9.3333.
Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Oportun Financial from $7.00 to $8.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Wall Street Zen upgraded Oportun Financial from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, Stephens initiated coverage on Oportun Financial in a research note on Thursday, June 12th. They set an "overweight" rating and a $10.00 price objective for the company.
Read Our Latest Research Report on Oportun Financial
Insider Buying and Selling at Oportun Financial
In related news, insider Kathleen I. Layton sold 4,214 shares of Oportun Financial stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $6.64, for a total value of $27,980.96. Following the completion of the sale, the insider directly owned 159,184 shares in the company, valued at $1,056,981.76. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 9.30% of the company's stock.
Hedge Funds Weigh In On Oportun Financial
Hedge funds and other institutional investors have recently bought and sold shares of the business. Summa Corp. increased its stake in shares of Oportun Financial by 0.5% in the 2nd quarter. Summa Corp. now owns 565,338 shares of the company's stock worth $4,048,000 after acquiring an additional 3,000 shares during the last quarter. Telos Capital Management Inc. grew its position in Oportun Financial by 50.0% in the 1st quarter. Telos Capital Management Inc. now owns 20,015 shares of the company's stock valued at $110,000 after acquiring an additional 6,672 shares in the last quarter. Bank of America Corp DE grew its position in Oportun Financial by 14.1% in the 4th quarter. Bank of America Corp DE now owns 61,193 shares of the company's stock valued at $237,000 after acquiring an additional 7,545 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Oportun Financial in the 2nd quarter valued at about $55,000. Finally, Empowered Funds LLC lifted its stake in Oportun Financial by 7.5% during the first quarter. Empowered Funds LLC now owns 124,980 shares of the company's stock worth $686,000 after purchasing an additional 8,752 shares during the last quarter. Institutional investors and hedge funds own 82.70% of the company's stock.
Oportun Financial Stock Performance
NASDAQ:OPRT traded down $0.12 on Friday, hitting $6.86. The stock had a trading volume of 103,457 shares, compared to its average volume of 551,839. The stock has a market cap of $301.73 million, a P/E ratio of -34.38 and a beta of 1.33. Oportun Financial has a 1 year low of $2.40 and a 1 year high of $9.24. The firm's fifty day simple moving average is $6.35 and its two-hundred day simple moving average is $6.15.
About Oportun Financial
(
Get Free Report)
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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