Oportun Financial Corporation (NASDAQ:OPRT) Given Consensus Recommendation of “Hold” by Brokerages

Oportun Financial Corporation (NASDAQ:OPRT) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $8.6667.

A number of research firms have issued reports on OPRT. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $6.00 target price (down from $8.00) on shares of Oportun Financial in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Oportun Financial in a research report on Wednesday, October 8th. Wall Street Zen cut Oportun Financial from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research cut Oportun Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th.

Oportun Financial Price Performance

Shares of OPRT opened at $5.45 on Wednesday. The business’s fifty day moving average price is $6.23 and its 200 day moving average price is $6.15. Oportun Financial has a 12-month low of $2.40 and a 12-month high of $9.24. The stock has a market capitalization of $239.85 million, a PE ratio of -27.25 and a beta of 1.30.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $266.56 million for the quarter. Oportun Financial had a negative net margin of 0.47% and a positive return on equity of 13.15%. As a group, research analysts anticipate that Oportun Financial will post 0.94 earnings per share for the current fiscal year.

Insider Activity at Oportun Financial

In other news, insider Kathleen I. Layton sold 4,214 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $6.64, for a total value of $27,980.96. Following the sale, the insider owned 159,184 shares of the company’s stock, valued at approximately $1,056,981.76. The trade was a 2.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.30% of the company’s stock.

Institutional Trading of Oportun Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in OPRT. Cannell Capital LLC raised its holdings in shares of Oportun Financial by 7,067.0% in the 2nd quarter. Cannell Capital LLC now owns 1,601,244 shares of the company’s stock worth $11,465,000 after purchasing an additional 1,578,902 shares in the last quarter. Boston Partners bought a new position in shares of Oportun Financial in the first quarter valued at $2,728,000. Geode Capital Management LLC increased its holdings in shares of Oportun Financial by 131.6% in the second quarter. Geode Capital Management LLC now owns 776,844 shares of the company’s stock valued at $5,563,000 after buying an additional 441,392 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Oportun Financial by 28.9% in the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock valued at $10,633,000 after buying an additional 433,827 shares in the last quarter. Finally, CenterBook Partners LP bought a new position in shares of Oportun Financial in the second quarter valued at $2,950,000. 82.70% of the stock is currently owned by institutional investors.

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.