Oportun Financial (NASDAQ:OPRT) Shares Down 3.3%

Oportun Financial Co. (NASDAQ:OPRT – Get Rating)’s stock price was down 3.3% on Wednesday . The stock traded as low as $5.38 and last traded at $5.56. Approximately 126,570 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 386,027 shares. The stock had previously closed at $5.75.

Analysts Set New Price Targets

Several equities analysts have weighed in on OPRT shares. JPMorgan Chase & Co. decreased their target price on shares of Oportun Financial from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Monday, April 17th. JMP Securities decreased their target price on shares of Oportun Financial from $11.00 to $6.00 and set a “market outperform” rating on the stock in a report on Tuesday, March 14th. Barclays decreased their target price on shares of Oportun Financial from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Thursday, April 13th. Finally, Keefe, Bruyette & Woods lowered shares of Oportun Financial from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $9.00 to $4.00 in a report on Tuesday, March 14th.

Oportun Financial Trading Down 3.3 %

The firm’s fifty day moving average price is $4.17 and its 200 day moving average price is $5.29. The stock has a market capitalization of $188.43 million, a price-to-earnings ratio of -0.82 and a beta of 1.65.

Oportun Financial (NASDAQ:OPRT – Get Rating) last issued its quarterly earnings data on Monday, March 13th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). Oportun Financial had a negative return on equity of 16.66% and a negative net margin of 22.61%. The company had revenue of $261.90 million during the quarter, compared to analyst estimates of $259.68 million. On average, analysts forecast that Oportun Financial Co. will post -2.5 earnings per share for the current fiscal year.

Insider Transactions at Oportun Financial

In related news, CFO Jonathan Aaron Coblentz acquired 40,000 shares of the firm’s stock in a transaction dated Monday, March 20th. The shares were purchased at an average cost of $3.62 per share, for a total transaction of $144,800.00. Following the acquisition, the chief financial officer now owns 195,939 shares in the company, valued at approximately $709,299.18. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Oportun Financial

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Oportun Financial by 36.4% during the 1st quarter. JPMorgan Chase & Co. now owns 21,798 shares of the company’s stock worth $84,000 after buying an additional 5,814 shares during the period. Long Focus Capital Management LLC purchased a new stake in shares of Oportun Financial in the 1st quarter valued at approximately $2,869,000. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Oportun Financial by 0.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,123,431 shares of the company’s stock valued at $8,196,000 after purchasing an additional 10,489 shares during the last quarter. Susquehanna International Group LLP increased its position in shares of Oportun Financial by 151.9% in the 1st quarter. Susquehanna International Group LLP now owns 51,968 shares of the company’s stock valued at $201,000 after purchasing an additional 31,336 shares during the last quarter. Finally, RBF Capital LLC increased its position in shares of Oportun Financial by 85.9% in the 1st quarter. RBF Capital LLC now owns 423,968 shares of the company’s stock valued at $1,637,000 after purchasing an additional 195,884 shares during the last quarter. 66.74% of the stock is owned by hedge funds and other 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.