Long Focus Capital Management LLC Acquires 99,197 Shares of Oportun Financial Co. (NASDAQ:OPRT)

Long Focus Capital Management LLC raised its holdings in shares of Oportun Financial Co. (NASDAQ:OPRT) by 6.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,740,777 shares of the company’s stock after purchasing an additional 99,197 shares during the period. Long Focus Capital Management LLC owned 4.89% of Oportun Financial worth $5,048,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Oportun Financial during the 4th quarter valued at about $66,000. Findell Capital Management LLC purchased a new stake in Oportun Financial in the fourth quarter worth about $7,820,000. Versant Capital Management Inc boosted its position in Oportun Financial by 85.2% during the 1st quarter. Versant Capital Management Inc now owns 30,601 shares of the company’s stock valued at $74,000 after acquiring an additional 14,079 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Oportun Financial by 8.2% during the 1st quarter. Empowered Funds LLC now owns 97,432 shares of the company’s stock worth $237,000 after acquiring an additional 7,350 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Oportun Financial by 11.2% during the first quarter. Acadian Asset Management LLC now owns 813,254 shares of the company’s stock valued at $1,975,000 after purchasing an additional 82,146 shares in the last quarter. 82.70% of the stock is currently owned by institutional investors.

Oportun Financial Trading Up 6.1 %

Oportun Financial stock opened at $2.77 on Friday. Oportun Financial Co. has a 12 month low of $2.05 and a 12 month high of $7.48. The business’s fifty day simple moving average is $2.93 and its two-hundred day simple moving average is $2.96. The company has a market capitalization of $98.94 million, a price-to-earnings ratio of -1.01 and a beta of 1.11.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.28. The company had revenue of $250.40 million for the quarter, compared to the consensus estimate of $246.12 million. Oportun Financial had a negative net margin of 11.66% and a negative return on equity of 11.04%. On average, equities research analysts predict that Oportun Financial Co. will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a research report on Monday, August 12th. Singular Research raised shares of Oportun Financial to a “strong-buy” rating in a research report on Friday, September 20th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $5.70.

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.