Oportun Financial (NASDAQ:OPRT) Now Covered by Stephens

Investment analysts at Stephens assumed coverage on shares of Oportun Financial (NASDAQ:OPRT - Get Free Report) in a report issued on Thursday, MarketBeat Ratings reports. The firm set an "overweight" rating and a $10.00 price target on the stock. Stephens' price objective suggests a potential upside of 46.84% from the stock's current price.

A number of other brokerages have also issued reports on OPRT. BTIG Research began coverage on shares of Oportun Financial in a research note on Wednesday, March 5th. They set a "buy" rating and a $10.00 price target on the stock. Sidoti upgraded shares of Oportun Financial to a "hold" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut their price target on shares of Oportun Financial from $6.50 to $5.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, JMP Securities restated a "market perform" rating on shares of Oportun Financial in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.33.

Oportun Financial Stock Down 2.9%

NASDAQ:OPRT traded down $0.20 on Thursday, reaching $6.81. 281,133 shares of the company's stock were exchanged, compared to its average volume of 293,722. The firm has a market capitalization of $298.75 million, a price-to-earnings ratio of -3.39 and a beta of 1.25. The business has a fifty day moving average of $5.82 and a 200-day moving average of $5.31. Oportun Financial has a 52-week low of $2.37 and a 52-week high of $9.25.

Institutional Trading of Oportun Financial

Large investors have recently made changes to their positions in the company. D. E. Shaw & Co. Inc. purchased a new stake in shares of Oportun Financial during the fourth quarter worth approximately $319,000. Millennium Management LLC increased its stake in shares of Oportun Financial by 7.4% during the fourth quarter. Millennium Management LLC now owns 1,502,970 shares of the company's stock worth $5,832,000 after buying an additional 104,186 shares during the period. Jane Street Group LLC acquired a new position in Oportun Financial in the fourth quarter valued at approximately $219,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Oportun Financial by 747.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,300 shares of the company's stock valued at $610,000 after purchasing an additional 138,735 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Oportun Financial by 11.7% in the fourth quarter. Two Sigma Advisers LP now owns 508,500 shares of the company's stock valued at $1,973,000 after purchasing an additional 53,400 shares in the last quarter. 82.70% of the stock is currently owned by hedge funds and other 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.