Schonfeld Strategic Advisors LLC Buys New Stake in Oportun Financial Co. (NASDAQ:OPRT)

Schonfeld Strategic Advisors LLC bought a new stake in Oportun Financial Co. (NASDAQ:OPRT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 38,172 shares of the company's stock, valued at approximately $148,000. Schonfeld Strategic Advisors LLC owned 0.11% of Oportun Financial at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Acuitas Investments LLC increased its stake in shares of Oportun Financial by 11.9% during the fourth quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company's stock valued at $4,463,000 after acquiring an additional 122,360 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Oportun Financial by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company's stock valued at $2,205,000 after purchasing an additional 24,984 shares during the period. Renaissance Technologies LLC increased its position in shares of Oportun Financial by 22.5% during the 4th quarter. Renaissance Technologies LLC now owns 424,600 shares of the company's stock valued at $1,647,000 after purchasing an additional 77,907 shares during the period. Kennedy Capital Management LLC increased its position in shares of Oportun Financial by 8.4% during the 4th quarter. Kennedy Capital Management LLC now owns 374,863 shares of the company's stock valued at $1,454,000 after purchasing an additional 29,096 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Oportun Financial by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 317,050 shares of the company's stock valued at $1,230,000 after purchasing an additional 5,600 shares during the period. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on Oportun Financial from $6.50 to $5.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. JMP Securities reaffirmed a "market perform" rating on shares of Oportun Financial in a research note on Friday, February 14th. Sidoti raised shares of Oportun Financial to a "hold" rating in a research note on Thursday, May 1st. Finally, BTIG Research initiated coverage on shares of Oportun Financial in a research note on Wednesday, March 5th. They issued a "buy" rating and a $10.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Oportun Financial presently has a consensus rating of "Moderate Buy" and an average target price of $7.50.

Oportun Financial Stock Down 1.9%

Shares of NASDAQ OPRT opened at $7.15 on Thursday. The stock has a market capitalization of $268.13 million, a price-to-earnings ratio of -3.56 and a beta of 1.23. The stock's fifty day simple moving average is $5.35 and its 200 day simple moving average is $4.74. Oportun Financial Co. has a 52-week low of $2.37 and a 52-week high of $9.25.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.32. Oportun Financial had a positive return on equity of 5.49% and a negative net margin of 7.86%. As a group, analysts anticipate that Oportun Financial Co. will post 0.94 earnings per share for the current year.

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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