Oportun Financial (NASDAQ:OPRT – Get Rating) will be issuing its quarterly earnings data after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Oportun Financial (NASDAQ:OPRT – Get Rating) last issued its earnings results on Monday, May 9th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $1.05. The business had revenue of $214.70 million for the quarter, compared to analyst estimates of $198.40 million. Oportun Financial had a net margin of 12.76% and a return on equity of 18.01%. The company’s revenue for the quarter was up 58.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. On average, analysts expect Oportun Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Oportun Financial Stock Performance
Shares of Oportun Financial stock opened at $10.14 on Friday. The firm has a market cap of $332.73 million, a PE ratio of 3.60 and a beta of 1.49. The firm’s 50-day simple moving average is $9.55 and its 200-day simple moving average is $12.71. Oportun Financial has a 1 year low of $7.83 and a 1 year high of $27.95.
Insider Activity at Oportun Financial
Institutional Investors Weigh In On Oportun Financial
Institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its position in Oportun Financial by 1.5% in the 1st quarter. BlackRock Inc. now owns 2,284,168 shares of the company’s stock worth $32,800,000 after purchasing an additional 33,604 shares during the last quarter. Vanguard Group Inc. grew its position in Oportun Financial by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 1,100,634 shares of the company’s stock worth $15,806,000 after purchasing an additional 26,324 shares during the last quarter. Clearbridge Investments LLC grew its position in Oportun Financial by 6.6% in the 1st quarter. Clearbridge Investments LLC now owns 663,619 shares of the company’s stock worth $9,530,000 after purchasing an additional 40,911 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Oportun Financial by 2.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 499,125 shares of the company’s stock worth $7,167,000 after purchasing an additional 14,104 shares during the last quarter. Finally, State Street Corp grew its position in Oportun Financial by 3.8% in the 1st quarter. State Street Corp now owns 447,270 shares of the company’s stock worth $6,423,000 after purchasing an additional 16,327 shares during the last quarter. Institutional investors own 70.58% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Oportun Financial from $21.00 to $14.00 in a research note on Monday, July 11th. JMP Securities cut their target price on shares of Oportun Financial from $26.00 to $17.00 and set a “market outperform” rating on the stock in a research note on Friday, July 15th. BTIG Research restated a “buy” rating and issued a $27.00 target price on shares of Oportun Financial in a research note on Thursday, April 14th. Finally, Barclays lowered their price objective on shares of Oportun Financial from $27.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, July 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $20.00.
About Oportun Financial
Oportun Financial Corporation provides financial services. It offers personal loans, auto loans, and credit cards. The company serves customers online and over-the-phone, as well as through retail locations. It operates in 24 states in the United States, which include Arkansas, Delaware, Indiana, Kentucky, Mississippi, Montana, North Dakota, New Hampshire, Oregon, South Carolina, South Dakota, and Virginia.
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