Oportun Financial Corporation (NASDAQ:OPRT) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Oportun Financial Corporation (NASDAQ:OPRT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $8.33.

A number of brokerages have weighed in on OPRT. Sidoti raised shares of Oportun Financial to a "hold" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. dropped their target price on Oportun Financial from $6.50 to $5.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Stephens initiated coverage on Oportun Financial in a report on Thursday, June 12th. They issued an "overweight" rating and a $10.00 price objective on the stock.

Oportun Financial Trading Down 2.5%

OPRT stock traded down $0.18 during trading on Monday, hitting $6.98. The company had a trading volume of 494,642 shares, compared to its average volume of 347,736. The firm has a market capitalization of $306.21 million, a price-to-earnings ratio of -6.23 and a beta of 1.24. The business has a 50 day moving average of $6.70 and a 200 day moving average of $5.69. Oportun Financial has a fifty-two week low of $2.37 and a fifty-two week high of $9.25.

Hedge Funds Weigh In On Oportun Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its position in shares of Oportun Financial by 18.9% in the first quarter. Acadian Asset Management LLC now owns 1,055,274 shares of the company's stock valued at $5,790,000 after acquiring an additional 167,564 shares during the period. Flaharty Asset Management LLC lifted its holdings in shares of Oportun Financial by 20.0% during the first quarter. Flaharty Asset Management LLC now owns 60,000 shares of the company's stock valued at $329,000 after acquiring an additional 10,000 shares during the period. Jane Street Group LLC lifted its holdings in shares of Oportun Financial by 238.6% during the first quarter. Jane Street Group LLC now owns 191,066 shares of the company's stock valued at $1,049,000 after acquiring an additional 134,643 shares during the period. Empowered Funds LLC increased its stake in shares of Oportun Financial by 7.5% in the first 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 in the last quarter. Finally, Goldman Sachs Group Inc. increased 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 valued at $1,721,000 after buying an additional 261,147 shares in the last quarter. Institutional investors and hedge funds own 82.70% of the company's stock.

About Oportun Financial

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.