Oportun Financial (NASDAQ:OPRT) Upgraded by Sidoti to Hold Rating

Oportun Financial (NASDAQ:OPRT - Get Free Report) was upgraded by research analysts at Sidoti to a "hold" rating in a research report issued on Thursday, May 1st,Zacks.com reports.

A number of other analysts have also commented on the stock. BTIG Research started coverage on shares of Oportun Financial in a research report on Wednesday, March 5th. They issued a "buy" rating and a $10.00 price objective on the stock. JMP Securities restated a "market perform" rating on shares of Oportun Financial in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Oportun Financial from $6.50 to $5.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $7.50.

Oportun Financial Stock Performance

Oportun Financial stock traded up $0.57 during trading hours on Thursday, reaching $6.13. 479,182 shares of the company's stock traded hands, compared to its average volume of 271,922. Oportun Financial has a fifty-two week low of $2.37 and a fifty-two week high of $9.25. The firm has a market capitalization of $229.87 million, a price-to-earnings ratio of -3.05 and a beta of 1.23. The firm's 50 day moving average is $5.33 and its 200-day moving average is $4.60.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.32. Oportun Financial had a positive return on equity of 5.49% and a negative net margin of 7.86%. Analysts predict that Oportun Financial will post 0.94 EPS for the current year.

Institutional Trading of Oportun Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Oportun Financial by 747.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,300 shares of the company's stock worth $610,000 after acquiring an additional 138,735 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Oportun Financial by 4.9% during the third quarter. Geode Capital Management LLC now owns 311,450 shares of the company's stock worth $875,000 after buying an additional 14,683 shares during the period. Renaissance Technologies LLC raised its stake in Oportun Financial by 22.5% during the fourth quarter. Renaissance Technologies LLC now owns 424,600 shares of the company's stock worth $1,647,000 after buying an additional 77,907 shares during the last quarter. Empowered Funds LLC lifted its stake in Oportun Financial by 5.1% in the fourth quarter. Empowered Funds LLC now owns 116,228 shares of the company's stock valued at $451,000 after buying an additional 5,608 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Oportun Financial by 7.7% during the fourth quarter. JPMorgan Chase & Co. now owns 82,826 shares of the company's stock worth $321,000 after acquiring an additional 5,901 shares in the last quarter. 82.70% of the stock is currently owned by institutional investors and hedge funds.

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.