B. Riley Lowers Oportun Financial (NASDAQ:OPRT) Price Target to $8.00

Oportun Financial (NASDAQ:OPRT) had its target price reduced by investment analysts at B. Riley from $9.00 to $8.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s target price would indicate a potential upside of 158.06% from the stock’s current price.

Several other equities research analysts also recently commented on OPRT. Jefferies Financial Group downgraded Oportun Financial from a “buy” rating to a “hold” rating and dropped their target price for the company from $9.00 to $3.50 in a report on Thursday, March 14th. Keefe, Bruyette & Woods dropped their target price on Oportun Financial from $4.50 to $4.00 and set a “market perform” rating on the stock in a report on Thursday, March 14th. Finally, JMP Securities reiterated a “market perform” rating and set a $6.50 target price on shares of Oportun Financial in a report on Friday, March 15th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.00.

Oportun Financial Price Performance

Oportun Financial stock opened at $3.10 on Wednesday. The stock’s 50-day moving average is $2.99 and its 200-day moving average is $3.62. The company has a market cap of $107.14 million, a price-to-earnings ratio of -0.61 and a beta of 1.26. Oportun Financial has a 12 month low of $2.05 and a 12 month high of $7.73.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings data on Tuesday, March 12th. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.06). The firm had revenue of $262.60 million during the quarter, compared to analysts’ expectations of $261.64 million. Oportun Financial had a negative return on equity of 31.58% and a negative net margin of 17.02%. Research analysts anticipate that Oportun Financial will post -0.38 EPS for the current year.

Institutional Investors Weigh In On Oportun Financial

Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC grew its stake in Oportun Financial by 407.6% during the 3rd quarter. Acadian Asset Management LLC now owns 538,627 shares of the company’s stock valued at $3,887,000 after purchasing an additional 432,517 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Oportun Financial during the 3rd quarter valued at approximately $39,000. Barclays PLC grew its stake in Oportun Financial by 132.7% during the 3rd quarter. Barclays PLC now owns 36,952 shares of the company’s stock valued at $267,000 after purchasing an additional 21,071 shares in the last quarter. Citigroup Inc. grew its stake in Oportun Financial by 21,717.1% during the 3rd quarter. Citigroup Inc. now owns 89,450 shares of the company’s stock valued at $646,000 after purchasing an additional 89,040 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Oportun Financial in the 3rd quarter worth approximately $347,000. Institutional investors and hedge funds 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.