Schonfeld Strategic Advisors LLC Takes $148,000 Position in Oportun Financial Co. (NASDAQ:OPRT)

Schonfeld Strategic Advisors LLC acquired a new stake in Oportun Financial Co. (NASDAQ:OPRT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 38,172 shares of the company's stock, valued at approximately $148,000. Schonfeld Strategic Advisors LLC owned approximately 0.11% of Oportun Financial as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Telos Capital Management Inc. acquired a new stake in shares of Oportun Financial during the 4th quarter worth about $52,000. Barclays PLC grew its position in Oportun Financial by 26.5% in the fourth quarter. Barclays PLC now owns 24,447 shares of the company's stock worth $96,000 after acquiring an additional 5,114 shares in the last quarter. Flaharty Asset Management LLC raised its stake in Oportun Financial by 11.1% during the 4th quarter. Flaharty Asset Management LLC now owns 50,000 shares of the company's stock valued at $194,000 after purchasing an additional 5,000 shares during the last quarter. Northern Trust Corp increased its position in shares of Oportun Financial by 23.5% during the 4th quarter. Northern Trust Corp now owns 58,486 shares of the company's stock worth $227,000 after purchasing an additional 11,142 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Oportun Financial by 7.7% in the 4th quarter. JPMorgan Chase & Co. now owns 82,826 shares of the company's stock valued at $321,000 after purchasing an additional 5,901 shares during the last quarter. Hedge funds and other institutional investors own 82.70% of the company's stock.

Oportun Financial Price Performance

Shares of OPRT stock traded down $0.15 during trading hours on Tuesday, reaching $6.75. 18,206 shares of the company's stock were exchanged, compared to its average volume of 277,086. The company's 50 day moving average is $5.40 and its two-hundred day moving average is $4.86. The company has a market cap of $253.13 million, a P/E ratio of -3.36 and a beta of 1.23. Oportun Financial Co. has a 1 year low of $2.37 and a 1 year high of $9.25.

Analyst Ratings Changes

OPRT has been the topic of several research analyst reports. Sidoti raised shares of Oportun Financial to a "hold" rating in a research report on Thursday, May 1st. JMP Securities restated a "market perform" rating on shares of Oportun Financial in a research note on Friday, February 14th. 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. Finally, BTIG Research began coverage on shares of Oportun Financial in a research note on Wednesday, March 5th. They set a "buy" rating and a $10.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $7.50.

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.