Wall Street Zen Downgrades Oportun Financial (NASDAQ:OPRT) to Buy

Oportun Financial (NASDAQ:OPRT) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Other analysts have also recently issued reports about the stock. Weiss Ratings upgraded shares of Oportun Financial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 16th. Stephens boosted their price objective on shares of Oportun Financial from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.33.

Oportun Financial Price Performance

Shares of NASDAQ OPRT opened at $8.55 on Friday. Oportun Financial has a 1-year low of $4.03 and a 1-year high of $8.66. The business has a fifty day moving average price of $7.23 and a 200 day moving average price of $5.96. The stock has a market capitalization of $393.21 million, a P/E ratio of 21.38 and a beta of 1.24.

Oportun Financial (NASDAQ:OPRT) last posted its earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. The company had revenue of $233.23 million for the quarter, compared to analyst estimates of $230.68 million. Oportun Financial had a return on equity of 13.41% and a net margin of 2.05%.Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. As a group, equities research analysts anticipate that Oportun Financial will post 1.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Kathleen Layton sold 4,223 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $7.80, for a total transaction of $32,939.40. Following the transaction, the insider directly owned 292,006 shares of the company’s stock, valued at $2,277,646.80. This represents a 1.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders sold 7,082 shares of company stock worth $55,240. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Oportun Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Oportun Financial during the 2nd quarter worth approximately $19,244,000. Dimensional Fund Advisors LP increased its stake in Oportun Financial by 20.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,363,788 shares of the company’s stock valued at $6,287,000 after purchasing an additional 234,723 shares in the last quarter. Meros Investment Management LP purchased a new position in shares of Oportun Financial in the second quarter worth $6,425,069. Lazard Asset Management LLC purchased a new position in Oportun Financial in the 1st quarter worth $1,268,000. Finally, Berger Financial Group Inc grew its stake in Oportun Financial by 23.9% during the 1st quarter. Berger Financial Group Inc now owns 243,575 shares of the company’s stock valued at $1,123,000 after purchasing an additional 47,032 shares during the last quarter. 82.70% of the stock is owned by hedge funds and other institutional investors.

About Oportun Financial

Oportun Financial Corporation is a financial technology company that provides credit and other financial services to consumers who may have limited access to traditional banking products. The company focuses on using technology and data-driven underwriting to offer more accessible and affordable financial solutions.

Oportun’s products have included unsecured personal loans, credit cards and savings services. Its personal loans are designed to provide borrowers with installment financing for needs such as debt consolidation, home expenses and unexpected costs.