Oportun Financial (NASDAQ:OPRT) Downgraded to Buy Rating by Wall Street Zen

Key Points

• Oportun Financial has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, indicating a more cautious outlook from analysts.
• The stock currently holds an average rating of "Moderate Buy" with a price target of $9.33, reflecting mixed analyst sentiments.
• Recent institutional activity shows increased investment interests, with over 82.70% of shares owned by institutional investors and hedge funds.

Wall Street Zen lowered shares of Oportun Financial (NASDAQ:OPRT - Free Report) from a strong-buy rating to a buy rating in a report issued on Saturday morning.

A number of other research firms also recently issued reports on OPRT. Stephens assumed coverage on shares of Oportun Financial in a report on Thursday, June 12th. They set an "overweight" rating and a $10.00 price objective for the company. Sidoti raised shares of Oportun Financial to a "hold" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lifted their price objective 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. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Oportun Financial has a consensus rating of "Moderate Buy" and a consensus price target of $9.33.

Oportun Financial Trading Up 0.7%

Shares of OPRT traded up $0.04 during mid-day trading on Friday, reaching $6.24. 34,372 shares of the stock traded hands, compared to its average volume of 529,202. The firm has a fifty day moving average price of $6.74 and a 200 day moving average price of $5.95. The company has a market cap of $273.79 million, a price-to-earnings ratio of -5.58 and a beta of 1.24. Oportun Financial has a 1 year low of $2.37 and a 1 year high of $9.24.

Institutional Trading of Oportun Financial

Several hedge funds have recently added to or reduced their stakes in OPRT. Squarepoint Ops LLC bought a new stake in Oportun Financial in the fourth quarter worth $79,000. Balyasny Asset Management L.P. bought a new stake in Oportun Financial in the fourth quarter worth $80,000. Charles Schwab Investment Management Inc. bought a new stake in Oportun Financial in the first quarter worth $88,000. Barclays PLC lifted its stake in Oportun Financial by 26.5% in the fourth quarter. Barclays PLC now owns 24,447 shares of the company's stock worth $96,000 after purchasing an additional 5,114 shares during the last quarter. Finally, Telos Capital Management Inc. lifted its stake in Oportun Financial by 50.0% in the first quarter. Telos Capital Management Inc. now owns 20,015 shares of the company's stock worth $110,000 after purchasing an additional 6,672 shares during the last quarter. 82.70% of the stock is owned by institutional investors.

Oportun Financial Company Profile

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.