Oportun Financial Co. (NASDAQ:OPRT) Receives Average Recommendation of “Hold” from Brokerages

Shares of Oportun Financial Co. (NASDAQ:OPRT) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $6.00.

Several research firms have issued reports on OPRT. B. Riley dropped their price target on shares of Oportun Financial from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Jefferies Financial Group cut Oportun Financial from a “buy” rating to a “hold” rating and reduced their price target for the stock from $9.00 to $3.50 in a report on Thursday, March 14th. JMP Securities restated a “market perform” rating and issued a $6.50 price objective on shares of Oportun Financial in a research note on Friday, March 15th. Finally, Keefe, Bruyette & Woods reduced their target price on Oportun Financial from $4.50 to $4.00 and set a “market perform” rating for the company in a research note on Thursday, March 14th.

Institutional Investors Weigh In On Oportun Financial

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in Oportun Financial during the 3rd quarter worth approximately $39,000. SG Americas Securities LLC acquired a new stake in shares of Oportun Financial during the fourth quarter worth $40,000. Tower Research Capital LLC TRC boosted its position in shares of Oportun Financial by 7,197.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,594 shares of the company’s stock valued at $57,000 after acquiring an additional 14,394 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Oportun Financial in the fourth quarter valued at about $66,000. Finally, Versant Capital Management Inc increased its position in Oportun Financial by 85.2% during the first quarter. Versant Capital Management Inc now owns 30,601 shares of the company’s stock worth $74,000 after acquiring an additional 14,079 shares during the period. Institutional investors own 82.70% of the company’s stock.

Oportun Financial Price Performance

Shares of NASDAQ:OPRT opened at $3.65 on Friday. The company’s 50-day moving average price is $2.92 and its two-hundred day moving average price is $3.39. Oportun Financial has a one year low of $2.05 and a one year high of $7.73. The stock has a market capitalization of $129.90 million, a PE ratio of -0.72 and a beta of 1.13.

Oportun Financial (NASDAQ:OPRT) last released its earnings results on Tuesday, March 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by ($0.06). The company had revenue of $262.60 million for the quarter, compared to the consensus estimate of $261.64 million. Oportun Financial had a negative return on equity of 31.58% and a negative net margin of 17.02%. On average, analysts anticipate that Oportun Financial will post -0.18 earnings per share for the current fiscal year.

Oportun Financial Company Profile

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.