Oportun Financial (NASDAQ:OPRT) Downgraded to Market Perform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods lowered shares of Oportun Financial (NASDAQ:OPRT – Get Rating) from an outperform rating to a market perform rating in a report published on Tuesday, The Fly reports. Keefe, Bruyette & Woods currently has $4.00 price objective on the stock, down from their previous price objective of $9.00.

Separately, Barclays cut shares of Oportun Financial from an overweight rating to an equal weight rating and dropped their price target for the company from $7.00 to $6.00 in a research report on Friday, January 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $9.70.

Oportun Financial Stock Performance

Shares of NASDAQ OPRT opened at $2.74 on Tuesday. Oportun Financial has a fifty-two week low of $2.71 and a fifty-two week high of $14.91. The stock has a market cap of $90.95 million, a price-to-earnings ratio of -1.16 and a beta of 1.73. The firm’s 50-day simple moving average is $6.18 and its 200 day simple moving average is $5.54.

Institutional Investors Weigh In On Oportun Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in OPRT. Swiss National Bank increased its stake in shares of Oportun Financial by 8.9% during the 1st quarter. Swiss National Bank now owns 40,300 shares of the company’s stock worth $579,000 after purchasing an additional 3,300 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Oportun Financial by 388.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 64,000 shares of the company’s stock worth $919,000 after purchasing an additional 50,900 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Oportun Financial by 73.6% during the 1st quarter. MetLife Investment Management LLC now owns 12,860 shares of the company’s stock worth $185,000 after purchasing an additional 5,453 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of Oportun Financial during the 1st quarter worth approximately $579,000. Finally, Rhumbline Advisers increased its stake in shares of Oportun Financial by 7.3% during the 1st quarter. Rhumbline Advisers now owns 26,087 shares of the company’s stock worth $375,000 after purchasing an additional 1,784 shares during the last quarter. Hedge funds and other institutional investors own 66.74% of the company’s stock.

Oportun Financial Company Profile

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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.