Oportun Financial (NASDAQ:OPRT) Upgraded at Wall Street Zen

Key Points

• Oportun Financial has been upgraded to a "strong-buy" rating by Wall Street Zen, indicating increased confidence in the stock from analysts.
• The company currently has a consensus rating of "Moderate Buy" with a price target of $9.33, reflecting positive sentiment amongst analysts.
• Oportun Financial's shares opened at $5.89, with a recent market capitalization of approximately $258.39 million.

Oportun Financial (NASDAQ:OPRT - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

OPRT has been the subject of a number of other reports. Sidoti raised shares of Oportun Financial to a "hold" rating in a research note on Thursday, May 1st. Stephens assumed coverage on shares of Oportun Financial in a research note on Thursday, June 12th. They issued an "overweight" rating and a $10.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Oportun Financial from $7.00 to $8.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $9.33.

Oportun Financial Trading Up 0.2%

Shares of OPRT opened at $5.89 on Friday. The firm has a market capitalization of $258.39 million, a P/E ratio of -29.45 and a beta of 1.23. Oportun Financial has a 12-month low of $2.37 and a 12-month high of $9.24. The firm has a fifty day moving average price of $6.67 and a 200-day moving average price of $6.06.

Institutional Trading of Oportun Financial

Hedge funds have recently added to or reduced their stakes in the business. D. E. Shaw & Co. Inc. purchased a new stake in shares of Oportun Financial during the fourth quarter valued at about $319,000. Millennium Management LLC lifted its position 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 valued at $5,832,000 after buying an additional 104,186 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Oportun Financial during the fourth quarter valued at about $219,000. Two Sigma Advisers LP lifted its position in shares of Oportun Financial by 11.7% during the fourth quarter. Two Sigma Advisers LP now owns 508,500 shares of the company's stock valued at $1,973,000 after buying an additional 53,400 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Oportun Financial by 22.5% during the fourth quarter. Renaissance Technologies LLC now owns 424,600 shares of the company's stock valued at $1,647,000 after buying an additional 77,907 shares during the last quarter. 82.70% of the stock is 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.

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