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

Oportun Financial Co. (NASDAQ:OPRT) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $5.70.

A number of research analysts have recently weighed in on the company. Singular Research upgraded Oportun Financial to a “strong-buy” rating in a research report on Friday. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a research note on Monday, August 12th.

Institutional Trading of Oportun Financial

Hedge funds have recently made changes to their positions in the business. Findell Capital Management LLC purchased a new position in Oportun Financial in the fourth quarter worth about $7,820,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Oportun Financial in the 4th quarter valued at approximately $66,000. Acuitas Investments LLC purchased a new position in shares of Oportun Financial in the 2nd quarter worth approximately $1,577,000. Acadian Asset Management LLC boosted its holdings in shares of Oportun Financial by 11.2% in the 1st quarter. Acadian Asset Management LLC now owns 813,254 shares of the company’s stock worth $1,975,000 after purchasing an additional 82,146 shares during the period. Finally, Empowered Funds LLC increased its position 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 valued at $237,000 after purchasing an additional 7,350 shares during the last quarter. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Oportun Financial Price Performance

OPRT stock opened at $2.92 on Tuesday. Oportun Financial has a 1-year low of $2.05 and a 1-year high of $7.55. The business has a 50 day simple moving average of $2.97 and a two-hundred day simple moving average of $2.97. The company has a market capitalization of $103.92 million, a price-to-earnings ratio of -1.07 and a beta of 1.11.

Oportun Financial (NASDAQ:OPRT) last issued its earnings results on Thursday, August 8th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.28. The firm had revenue of $250.40 million during the quarter, compared to analyst estimates of $246.12 million. Oportun Financial had a negative net margin of 11.66% and a negative return on equity of 11.04%. Sell-side analysts anticipate that Oportun Financial will post 0.15 EPS 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.