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

Shares of Oportun Financial Co. (NASDAQ:OPRT) have received an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $6.00.

OPRT has been the topic of several recent analyst reports. Jefferies Financial Group downgraded shares of Oportun Financial from a “buy” rating to a “hold” rating and cut their target price for the company from $9.00 to $3.50 in a research note on Thursday, March 14th. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a research note on Monday, May 13th. B. Riley cut their target price on shares of Oportun Financial from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Oportun Financial from $4.50 to $4.00 and set a “market perform” rating on the stock in a research note on Thursday, March 14th.

Oportun Financial Stock Up 3.6 %

Shares of NASDAQ OPRT opened at $2.85 on Friday. The firm’s 50-day moving average price is $3.20 and its two-hundred day moving average price is $3.33. The stock has a market capitalization of $101.43 million, a P/E ratio of -1.04 and a beta of 1.13. Oportun Financial has a 52-week low of $2.05 and a 52-week high of $7.73.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.13. The company had revenue of $250.50 million for the quarter, compared to analysts’ expectations of $249.90 million. Oportun Financial had a negative return on equity of 11.07% and a negative net margin of 9.94%. During the same quarter in the previous year, the company posted ($2.70) earnings per share. As a group, equities research analysts expect that Oportun Financial will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OPRT. Public Employees Retirement System of Ohio increased its holdings in shares of Oportun Financial by 30.4% during the first quarter. Public Employees Retirement System of Ohio now owns 15,103 shares of the company’s stock worth $37,000 after buying an additional 3,521 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Oportun Financial during the fourth quarter worth approximately $40,000. Tower Research Capital LLC TRC increased its holdings in shares of Oportun Financial by 7,197.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 14,594 shares of the company’s stock worth $57,000 after buying an additional 14,394 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Oportun Financial during the fourth quarter worth approximately $66,000. Finally, Versant Capital Management Inc increased its holdings in shares of 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 buying an additional 14,079 shares in the last quarter. Institutional investors and hedge funds 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.