Oportun Financial Co. (NASDAQ:OPRT) Receives $5.70 Consensus PT from Analysts

Oportun Financial Co. (NASDAQ:OPRT) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $5.70.

Several research firms have recently weighed in on OPRT. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a research report on Monday, August 12th. Singular Research raised shares of Oportun Financial to a “strong-buy” rating in a research report on Friday, September 20th.

Oportun Financial Price Performance

Shares of OPRT opened at $2.63 on Friday. The firm’s 50 day moving average is $2.77 and its 200-day moving average is $2.95. The stock has a market capitalization of $93.60 million, a P/E ratio of -0.96 and a beta of 1.10. Oportun Financial has a 12-month low of $2.05 and a 12-month high of $6.36.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.28. The company had revenue of $250.40 million for the quarter, compared to analysts’ expectations of $246.12 million. Oportun Financial had a negative net margin of 11.66% and a negative return on equity of 11.04%. As a group, equities research analysts forecast that Oportun Financial will post 0.12 EPS for the current fiscal year.

Institutional Trading of Oportun Financial

Several institutional investors have recently made changes to their positions in OPRT. Acuitas Investments LLC acquired a new stake in shares of Oportun Financial during the second quarter worth approximately $1,577,000. Millennium Management LLC boosted its holdings in shares of Oportun Financial by 26.4% during the second quarter. Millennium Management LLC now owns 1,507,012 shares of the company’s stock worth $4,370,000 after purchasing an additional 314,553 shares during the period. Long Focus Capital Management LLC boosted its holdings in shares of Oportun Financial by 6.0% during the second quarter. Long Focus Capital Management LLC now owns 1,740,777 shares of the company’s stock worth $5,048,000 after purchasing an additional 99,197 shares during the period. Marshall Wace LLP boosted its holdings in shares of Oportun Financial by 53.3% during the second quarter. Marshall Wace LLP now owns 274,969 shares of the company’s stock worth $797,000 after purchasing an additional 95,637 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Oportun Financial by 11.2% during the first quarter. Acadian Asset Management LLC now owns 813,254 shares of the company’s stock worth $1,975,000 after purchasing an additional 82,146 shares during the period. 82.70% of the stock is currently owned by institutional investors and hedge funds.

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.