Oportun Financial (NASDAQ:OPRT) Coverage Initiated by Analysts at Stephens

Stephens assumed coverage on shares of Oportun Financial (NASDAQ:OPRT) in a report published on Thursday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $10.00 price objective on the stock.

Several other equities analysts also recently issued reports on OPRT. JMP Securities reiterated a “market perform” rating on shares of Oportun Financial in a research report on Friday, February 14th. BTIG Research initiated coverage on Oportun Financial in a research report on Wednesday, March 5th. They issued a “buy” rating and a $10.00 price objective for the company. Sidoti upgraded Oportun Financial to a “hold” rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. dropped their target price on Oportun Financial from $6.50 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oportun Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.33.

Oportun Financial Stock Performance

Shares of OPRT opened at $7.01 on Thursday. The stock has a fifty day moving average price of $5.78 and a two-hundred day moving average price of $5.28. Oportun Financial has a 52-week low of $2.37 and a 52-week high of $9.25. The company has a market cap of $307.53 million, a price-to-earnings ratio of -3.49 and a beta of 1.25.

Institutional Investors Weigh In On Oportun Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC bought a new stake in shares of Oportun Financial during the fourth quarter worth $79,000. Balyasny Asset Management L.P. bought a new stake in shares of Oportun Financial during the fourth quarter worth $80,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Oportun Financial during the first quarter worth $88,000. Barclays PLC raised its position in shares of Oportun Financial by 26.5% during the fourth quarter. Barclays PLC now owns 24,447 shares of the company’s stock worth $96,000 after acquiring an additional 5,114 shares during the last quarter. Finally, Telos Capital Management Inc. increased its holdings in Oportun Financial by 50.0% in the first quarter. Telos Capital Management Inc. now owns 20,015 shares of the company’s stock valued at $110,000 after purchasing an additional 6,672 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.

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.