Oportun Financial Corporation (NASDAQ:OPRT) Receives $9.33 Consensus Target Price from Brokerages

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.

Shares of Oportun Financial Corporation (NASDAQ:OPRT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $9.3333.

OPRT has been the subject of several research analyst reports. Wall Street Zen lowered Oportun Financial from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Sidoti raised Oportun Financial to a "hold" rating in a report on Thursday, May 1st. Stephens assumed coverage on Oportun Financial in a report on Thursday, June 12th. They issued an "overweight" rating and a $10.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on Oportun Financial from $7.00 to $8.00 and gave the company a "neutral" rating in a research report on Friday, July 11th.

Oportun Financial Trading Up 1.8%

OPRT traded up $0.11 during trading on Friday, hitting $6.23. 193,634 shares of the company's stock traded hands, compared to its average volume of 526,445. The company's 50 day simple moving average is $6.71 and its two-hundred day simple moving average is $6.03. Oportun Financial has a 12-month low of $2.37 and a 12-month high of $9.24. The stock has a market capitalization of $273.31 million, a price-to-earnings ratio of -5.58 and a beta of 1.23.

Institutional Investors Weigh In On Oportun Financial

Several large investors have recently made changes to their positions in OPRT. Squarepoint Ops LLC bought a new stake in shares of Oportun Financial in the fourth quarter worth about $79,000. Balyasny Asset Management L.P. bought a new stake in Oportun Financial during the fourth quarter worth approximately $80,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Oportun Financial in the first quarter valued at approximately $88,000. Barclays PLC boosted its holdings in shares of Oportun Financial by 26.5% in the fourth quarter. Barclays PLC now owns 24,447 shares of the company's stock valued at $96,000 after purchasing an additional 5,114 shares during the period. Finally, Telos Capital Management Inc. raised its stake in Oportun Financial by 50.0% in the 1st quarter. Telos Capital Management Inc. now owns 20,015 shares of the company's stock worth $110,000 after acquiring an additional 6,672 shares during the last quarter. 82.70% of the stock is owned by institutional investors.

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.