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

Key Points

• Oportun Financial Corporation has received a consensus rating of "Moderate Buy" from analysts, with a target price averaging $9.33.
• Institutional investors have significantly increased their holdings in Oportun Financial, with major buys from firms like Goldman Sachs and Millennium Management.
• The company has seen a price range over the past year from a low of $2.37 to a high of $9.24, currently trading at approximately $6.13.

Oportun Financial Corporation (NASDAQ:OPRT - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six analysts that are covering the stock, MarketBeat reports. Three equities research 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 12-month price objective among brokers that have issued ratings on the stock in the last year is $9.33.

Several brokerages have issued reports on OPRT. JPMorgan Chase & Co. lifted their target price on shares of Oportun Financial from $7.00 to $8.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Wall Street Zen lowered shares of Oportun Financial from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Stephens started coverage on shares of Oportun Financial in a research report on Thursday, June 12th. They set an "overweight" rating and a $10.00 price target on the stock. Finally, Sidoti upgraded shares of Oportun Financial to a "hold" rating in a research report on Thursday, May 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners bought a new stake in Oportun Financial in the first quarter valued at approximately $2,728,000. Millennium Management LLC lifted its position in Oportun Financial by 28.9% in the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company's stock valued at $10,633,000 after purchasing an additional 433,827 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in 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 purchasing an additional 261,147 shares during the last quarter. Walleye Capital LLC lifted its position in Oportun Financial by 374.2% in the first quarter. Walleye Capital LLC now owns 294,039 shares of the company's stock valued at $1,614,000 after purchasing an additional 232,035 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Oportun Financial by 114.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 336,841 shares of the company's stock valued at $1,849,000 after purchasing an additional 179,541 shares during the last quarter. 82.70% of the stock is currently owned by institutional investors.

Oportun Financial Price Performance

Shares of Oportun Financial stock opened at $6.13 on Friday. Oportun Financial has a 1 year low of $2.37 and a 1 year high of $9.24. The firm has a market cap of $268.92 million, a PE ratio of -5.47 and a beta of 1.24. The company has a 50 day simple moving average of $6.71 and a two-hundred day simple moving average of $5.97.

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.

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