Brokerages Set Oportun Financial Co. (NASDAQ:OPRT) Target Price at $6.00

Shares of Oportun Financial Co. (NASDAQ:OPRT) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $6.00.

A number of research firms recently commented on OPRT. Keefe, Bruyette & Woods lowered their price target on shares of Oportun Financial from $4.50 to $4.00 and set a “market perform” rating for the company in a report on Thursday, March 14th. B. Riley reduced their price target on shares of Oportun Financial from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Jefferies Financial Group cut Oportun Financial from a “buy” rating to a “hold” rating and cut their price objective for the company from $9.00 to $3.50 in a research report on Thursday, March 14th. Finally, JMP Securities reissued a “market perform” rating and set a $6.50 price objective on shares of Oportun Financial in a research report on Friday, March 15th.

Institutional Trading of Oportun Financial

Several large investors have recently modified their holdings of the company. Findell Capital Management LLC bought a new position in shares of Oportun Financial in the 4th quarter worth approximately $7,820,000. Summa Corp. purchased a new position in shares of Oportun Financial during the 4th quarter valued at $2,204,000. Acadian Asset Management LLC boosted its holdings in Oportun Financial by 407.6% in the 3rd quarter. Acadian Asset Management LLC now owns 538,627 shares of the company’s stock worth $3,887,000 after buying an additional 432,517 shares during the period. Acuitas Investments LLC purchased a new position in shares of Oportun Financial in the third quarter valued at about $2,081,000. Finally, Berger Financial Group Inc purchased a new position in shares of Oportun Financial in the third quarter valued at about $1,134,000. Institutional investors own 82.70% of the company’s stock.

Oportun Financial Price Performance

Shares of OPRT opened at $3.51 on Friday. The firm has a market cap of $124.92 million, a P/E ratio of -0.70 and a beta of 1.13. Oportun Financial has a 1 year low of $2.05 and a 1 year high of $7.73. The stock has a 50 day simple moving average of $2.93 and a two-hundred day simple moving average of $3.43.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by ($0.06). Oportun Financial had a negative net margin of 17.02% and a negative return on equity of 31.58%. The business had revenue of $262.60 million for the quarter, compared to analysts’ expectations of $261.64 million. On average, equities analysts anticipate that Oportun Financial will post -0.18 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.