Brokerages Set Oportun Financial Co. (NASDAQ:OPRT) Price Target at $5.70

Shares of Oportun Financial Co. (NASDAQ:OPRT) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $5.70.

A number of research analysts recently commented on the stock. Singular Research raised shares of Oportun Financial to a “strong-buy” rating in a research report on Friday, September 20th. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a research note on Monday, August 12th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Millennium Management LLC raised its position in shares of Oportun Financial by 26.4% in the second quarter. Millennium Management LLC now owns 1,507,012 shares of the company’s stock valued at $4,370,000 after purchasing an additional 314,553 shares during the period. Acuitas Investments LLC acquired a new position in shares of Oportun Financial during the second quarter worth approximately $1,577,000. Acadian Asset Management LLC lifted its holdings 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 worth $1,975,000 after buying an additional 82,146 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Oportun Financial by 8.2% in the first quarter. Empowered Funds LLC now owns 97,432 shares of the company’s stock valued at $237,000 after acquiring an additional 7,350 shares during the period. Finally, Long Focus Capital Management LLC grew its stake in shares of Oportun Financial by 6.0% in the second quarter. Long Focus Capital Management LLC now owns 1,740,777 shares of the company’s stock worth $5,048,000 after acquiring an additional 99,197 shares during the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.

Oportun Financial Stock Performance

NASDAQ OPRT opened at $2.57 on Friday. The firm’s 50 day moving average price is $2.80 and its two-hundred day moving average price is $2.95. Oportun Financial has a twelve month low of $2.05 and a twelve month high of $6.36. The stock has a market cap of $91.80 million, a price-to-earnings ratio of -0.83 and a beta of 1.10.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.28. Oportun Financial had a negative return on equity of 11.04% and a negative net margin of 11.66%. The firm had revenue of $250.40 million during the quarter, compared to the consensus estimate of $246.12 million. On average, research analysts forecast that Oportun Financial will post 0.12 EPS for the current fiscal year.

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.