Oportun Financial (NASDAQ:OPRT) Price Target Cut to $6.00

Oportun Financial (NASDAQ:OPRT – Get Rating) had its price target cut by research analysts at JMP Securities from $11.00 to $6.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ price objective points to a potential upside of 144.90% from the company’s previous close.

Other analysts have also recently issued reports about the company. Barclays cut Oportun Financial from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $7.00 to $6.00 in a research report on Friday, January 6th. Keefe, Bruyette & Woods lowered Oportun Financial from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $9.00 to $4.00 in a research note on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Oportun Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.70.

Oportun Financial Price Performance

OPRT stock opened at $2.45 on Tuesday. The business has a 50-day moving average of $6.11 and a 200-day moving average of $5.52. Oportun Financial has a fifty-two week low of $2.19 and a fifty-two week high of $14.91. The stock has a market capitalization of $81.32 million, a P/E ratio of -1.48 and a beta of 1.73.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OPRT. PDT Partners LLC increased its position in Oportun Financial by 7.3% in the 1st quarter. PDT Partners LLC now owns 19,794 shares of the company’s stock valued at $284,000 after buying an additional 1,346 shares in the last quarter. Quantbot Technologies LP increased its holdings in Oportun Financial by 113.3% during the 1st quarter. Quantbot Technologies LP now owns 3,200 shares of the company’s stock worth $45,000 after purchasing an additional 1,700 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Oportun Financial by 7.3% in the 1st quarter. Rhumbline Advisers now owns 26,087 shares of the company’s stock worth $375,000 after buying an additional 1,784 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Oportun Financial by 36.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,519 shares of the company’s stock worth $38,000 after buying an additional 2,291 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Oportun Financial by 44.8% in the 2nd quarter. Legal & General Group Plc now owns 7,468 shares of the company’s stock worth $61,000 after buying an additional 2,310 shares during the last quarter. 66.74% of the stock is owned by institutional investors.

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.