Oportun Financial's (OPRT) "Underweight" Rating Reaffirmed at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reaffirmed an "underweight" rating for Oportun Financial (OPRT), lowering its price target to $6.00 from $8.00, indicating limited upside potential.
• Despite the underweight rating from JPMorgan, other analysts have varied opinions, with one upgrading Oportun's rating to "strong-buy" and another giving it an "overweight" rating with a target price of $10.00.
• Oportun Financial's stock has shown volatility, with a 52-week range of $2.40 to $9.24, and the current market capitalization is approximately $252.62 million.

Oportun Financial (NASDAQ:OPRT - Get Free Report)'s stock had its "underweight" rating reissued by research analysts at JPMorgan Chase & Co. in a research report issued on Tuesday,Benzinga reports. They currently have a $6.00 price objective on the stock, down from their previous price objective of $8.00. JPMorgan Chase & Co.'s price target suggests a potential upside of 4.53% from the stock's current price.

Other research analysts also recently issued research reports about the company. Wall Street Zen raised Oportun Financial from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Stephens started coverage on shares of Oportun Financial in a research report on Thursday, June 12th. They issued an "overweight" rating and a $10.00 target price for the company. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Oportun Financial in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $8.67.

Oportun Financial Stock Performance

OPRT opened at $5.74 on Tuesday. The stock has a fifty day moving average of $6.32 and a 200-day moving average of $6.17. The company has a market capitalization of $252.62 million, a P/E ratio of -28.70 and a beta of 1.30. Oportun Financial has a fifty-two week low of $2.40 and a fifty-two week high of $9.24.

Insiders Place Their Bets

In other Oportun Financial news, insider Kathleen I. Layton sold 4,214 shares of the company'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 value of $27,980.96. Following the completion of the transaction, the insider directly owned 159,184 shares in the company, valued at approximately $1,056,981.76. This represents a 2.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Oportun Financial during the second quarter worth about $55,000. Corsair Capital Management L.P. bought a new position in Oportun Financial during the 2nd quarter worth approximately $72,000. Squarepoint Ops LLC acquired a new position in shares of Oportun Financial in the 4th quarter worth approximately $79,000. The Manufacturers Life Insurance Company bought a new stake in shares of Oportun Financial in the 2nd quarter valued at $85,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Oportun Financial during the first quarter worth $88,000. 82.70% of the stock is owned by institutional investors and hedge funds.

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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