JPMorgan Chase & Co. Issues Pessimistic Forecast for Oportun Financial (NASDAQ:OPRT) Stock Price

Oportun Financial (NASDAQ:OPRT) had its target price trimmed by JPMorgan Chase & Co. from $6.50 to $5.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

OPRT has been the topic of a number of other reports. BTIG Research began coverage on Oportun Financial in a research note on Wednesday, March 5th. They set a “buy” rating and a $10.00 price objective on the stock. JMP Securities restated a “market perform” rating on shares of Oportun Financial in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.67.

Oportun Financial Price Performance

NASDAQ:OPRT opened at $4.43 on Tuesday. The company has a market capitalization of $160.07 million, a price-to-earnings ratio of -2.20 and a beta of 0.86. The business has a 50 day moving average of $6.06 and a 200 day moving average of $4.32. Oportun Financial has a 1-year low of $2.05 and a 1-year high of $9.25.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Oportun Financial will post 0.94 EPS for the current year.

Hedge Funds Weigh In On Oportun Financial

A number of hedge funds have recently modified their holdings of OPRT. Millennium Management LLC boosted its holdings in shares of Oportun Financial by 7.4% during the fourth quarter. Millennium Management LLC now owns 1,502,970 shares of the company’s stock worth $5,832,000 after purchasing an additional 104,186 shares during the period. Acuitas Investments LLC raised its position in Oportun Financial by 11.9% during the 4th quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company’s stock valued at $4,463,000 after purchasing an additional 122,360 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Oportun Financial by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company’s stock worth $2,205,000 after buying an additional 24,984 shares during the period. Two Sigma Advisers LP grew its position in shares of Oportun Financial by 11.7% in the 4th quarter. Two Sigma Advisers LP now owns 508,500 shares of the company’s stock worth $1,973,000 after buying an additional 53,400 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Oportun Financial by 22.5% during the fourth quarter. Renaissance Technologies LLC now owns 424,600 shares of the company’s stock valued at $1,647,000 after buying an additional 77,907 shares during the period. Hedge funds and other institutional investors own 82.70% of the company’s stock.

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.