Renaissance Technologies LLC lifted its stake in shares of Oportun Financial Co. (NASDAQ:OPRT - Free Report) by 22.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 424,600 shares of the company's stock after buying an additional 77,907 shares during the period. Renaissance Technologies LLC owned approximately 1.18% of Oportun Financial worth $1,647,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Oportun Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 317,050 shares of the company's stock worth $1,230,000 after acquiring an additional 5,600 shares during the period. JPMorgan Chase & Co. lifted 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 purchasing an additional 5,901 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Oportun Financial by 747.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,300 shares of the company's stock valued at $610,000 after buying an additional 138,735 shares during the period. Flaharty Asset Management LLC lifted its position in shares of Oportun Financial by 11.1% during the fourth quarter. Flaharty Asset Management LLC now owns 50,000 shares of the company's stock worth $194,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Acuitas Investments LLC grew its stake in shares of Oportun Financial by 11.9% in the fourth quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company's stock worth $4,463,000 after acquiring an additional 122,360 shares in the last quarter. Hedge funds and other institutional investors own 82.70% of the company's stock.
Analysts Set New Price Targets
OPRT has been the topic of several recent analyst reports. JMP Securities reissued a "market perform" rating on shares of Oportun Financial in a report on Friday, February 14th. JPMorgan Chase & Co. decreased their target price on shares of Oportun Financial from $6.50 to $5.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, BTIG Research initiated coverage on shares of Oportun Financial in a report on Wednesday, March 5th. They issued a "buy" rating and a $10.00 target price on the stock.
Check Out Our Latest Stock Analysis on OPRT
Oportun Financial Stock Down 0.3 %
Shares of OPRT stock traded down $0.02 during mid-day trading on Thursday, reaching $5.11. The company's stock had a trading volume of 133,977 shares, compared to its average volume of 270,646. The firm has a market capitalization of $184.46 million, a PE ratio of -2.54 and a beta of 0.86. The company's 50 day simple moving average is $5.51 and its 200-day simple moving average is $4.50. Oportun Financial Co. has a 12-month low of $2.37 and a 12-month high of $9.25.
Oportun Financial (NASDAQ:OPRT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.32. Oportun Financial had a negative net margin of 7.86% and a positive return on equity of 5.49%. As a group, research analysts anticipate that Oportun Financial Co. will post 0.94 EPS for the current fiscal year.
About Oportun Financial
(
Free Report)
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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