By otakuyassine3@gmail.com 
Shares of Oportun Financial Co. (NASDAQ:OPRT – Get Free Report) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $6.40.
Several brokerages have issued reports on OPRT. BTIG Research assumed coverage on shares of Oportun Financial in a research report on Wednesday, March 5th. They issued a “buy” rating and a $10.00 price target for the company. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a research note on Friday, February 14th.
View Our Latest Stock Analysis on Oportun Financial
Oportun Financial Stock Performance
Shares of OPRT stock opened at $6.64 on Wednesday. The company has a market capitalization of $239.93 million, a price-to-earnings ratio of -3.30 and a beta of 1.13. Oportun Financial has a 52 week low of $2.05 and a 52 week high of $9.25. The company has a 50-day simple moving average of $5.28 and a 200 day simple moving average of $3.87.
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 negative net margin of 7.86% and a positive return on equity of 5.49%. Sell-side analysts forecast that Oportun Financial will post 0.94 EPS for the current year.
Insider Transactions at Oportun Financial
In other Oportun Financial news, Director R Neil Williams bought 25,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $3.87 per share, for a total transaction of $96,750.00. Following the acquisition, the director now owns 140,338 shares in the company, valued at approximately $543,108.06. This represents a 21.68 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mohit Daswani purchased 7,420 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $3.90 per share, for a total transaction of $28,938.00. Following the purchase, the director now owns 41,924 shares in the company, valued at $163,503.60. This represents a 21.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 9.30% of the company’s stock.
Hedge Funds Weigh In On Oportun Financial
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in Oportun Financial by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock worth $311,000 after acquiring an additional 5,628 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Oportun Financial during the third quarter valued at approximately $52,000. RBF Capital LLC raised its position in shares of Oportun Financial by 82.9% during the third quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock valued at $2,748,000 after buying an additional 443,177 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Oportun Financial by 4.9% during the third quarter. Geode Capital Management LLC now owns 311,450 shares of the company’s stock valued at $875,000 after buying an additional 14,683 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised its position in shares of Oportun Financial by 59.3% during the third quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company’s stock valued at $302,000 after buying an additional 40,000 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.
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.
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