Oportun Financial's (OPRT) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• Oportun Financial's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, reflecting ongoing concerns from analysts about the company’s performance.
• Analysts have issued varied ratings on Oportun Financial, with Zacks downgrading their rating to "hold" and JPMorgan reducing its target price from $8.00 to $6.00.
• The company's recent earnings report revealed a negative net margin of 0.47% and an EPS of $0.17, highlighting potential challenges in profitability going forward.

Oportun Financial (NASDAQ:OPRT - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Other research analysts also recently issued reports about the stock. Zacks Research downgraded shares of Oportun Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Wall Street Zen downgraded shares of Oportun Financial from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 11th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $6.00 target price (down from $8.00) on shares of Oportun Financial in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Oportun Financial has an average rating of "Hold" and a consensus target price of $8.67.

Oportun Financial Price Performance

Oportun Financial stock opened at $5.70 on Friday. The firm's 50 day simple moving average is $6.13 and its 200-day simple moving average is $6.18. The company has a market cap of $250.86 million, a P/E ratio of -28.50 and a beta of 1.30. Oportun Financial has a fifty-two week low of $2.51 and a fifty-two week high of $9.24.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.17 earnings per share for the quarter. The business had revenue of $266.56 million for the quarter. Oportun Financial had a negative net margin of 0.47% and a positive return on equity of 13.15%. On average, analysts expect that Oportun Financial will post 0.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Kathleen I. Layton sold 4,214 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $6.64, for a total transaction of $27,980.96. Following the transaction, the insider directly owned 159,184 shares of the company's stock, valued at approximately $1,056,981.76. The trade was a 2.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 9.30% of the company's stock.

Institutional Trading of Oportun Financial

Several large investors have recently added to or reduced their stakes in OPRT. Cannell Capital LLC grew its position in Oportun Financial by 7,067.0% in the second quarter. Cannell Capital LLC now owns 1,601,244 shares of the company's stock worth $11,465,000 after acquiring an additional 1,578,902 shares in the last quarter. Boston Partners bought a new stake in Oportun Financial in the first quarter worth approximately $2,728,000. Geode Capital Management LLC grew its position in Oportun Financial by 131.6% in the second quarter. Geode Capital Management LLC now owns 776,844 shares of the company's stock worth $5,563,000 after acquiring an additional 441,392 shares in the last quarter. Millennium Management LLC grew its position in Oportun Financial by 28.9% in the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company's stock worth $10,633,000 after acquiring an additional 433,827 shares in the last quarter. Finally, CenterBook Partners LP bought a new stake in Oportun Financial in the second quarter worth approximately $2,950,000. 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.

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