SG Americas Securities LLC Buys Shares of 10,198 Oportun Financial Co. (NASDAQ:OPRT)

SG Americas Securities LLC purchased a new position in shares of Oportun Financial Co. (NASDAQ:OPRT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,198 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC boosted its position in Oportun Financial by 407.6% during the third quarter. Acadian Asset Management LLC now owns 538,627 shares of the company’s stock worth $3,887,000 after purchasing an additional 432,517 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Oportun Financial during the 3rd quarter worth $39,000. Barclays PLC grew its stake in Oportun Financial by 132.7% in the 3rd quarter. Barclays PLC now owns 36,952 shares of the company’s stock valued at $267,000 after buying an additional 21,071 shares during the last quarter. Citigroup Inc. raised its holdings in Oportun Financial by 21,717.1% in the 3rd quarter. Citigroup Inc. now owns 89,450 shares of the company’s stock worth $646,000 after acquiring an additional 89,040 shares during the period. Finally, Trexquant Investment LP acquired a new position in Oportun Financial during the 3rd quarter worth $347,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group downgraded Oportun Financial from a “buy” rating to a “hold” rating and lowered their price target for the company from $9.00 to $3.50 in a research report on Thursday, March 14th. Keefe, Bruyette & Woods dropped their price target on Oportun Financial from $4.50 to $4.00 and set a “market perform” rating on the stock in a research report on Thursday, March 14th. Finally, JMP Securities reissued a “market perform” rating and issued a $6.50 price objective on shares of Oportun Financial in a research report on Friday, March 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.83.

Oportun Financial Stock Down 2.1 %

Shares of OPRT opened at $2.29 on Monday. The stock’s 50-day moving average price is $3.05 and its 200 day moving average price is $3.68. The firm has a market capitalization of $79.14 million, a price-to-earnings ratio of -0.45 and a beta of 1.26. Oportun Financial Co. has a 12-month low of $2.05 and a 12-month high of $7.73.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings data on Tuesday, March 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.06). The firm had revenue of $262.60 million for the quarter, compared to the consensus estimate of $261.64 million. Oportun Financial had a negative net margin of 17.02% and a negative return on equity of 31.58%. Equities research analysts expect that Oportun Financial Co. will post -0.38 EPS for the current year.

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.