Oportun Financial (NASDAQ:OPRT) Given “Market Perform” Rating at JMP Securities

Oportun Financial (NASDAQ:OPRT)‘s stock had its “market perform” rating reaffirmed by equities research analysts at JMP Securities in a research note issued on Monday, Benzinga reports.

Separately, B. Riley decreased their target price on Oportun Financial from $9.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Oportun Financial currently has an average rating of “Hold” and an average price target of $5.70.

Oportun Financial Price Performance

Shares of NASDAQ:OPRT opened at $3.05 on Monday. The stock’s 50-day moving average is $2.92 and its 200 day moving average is $3.14. The company has a market cap of $108.55 million, a PE ratio of -1.12 and a beta of 1.11. Oportun Financial has a 1 year low of $2.05 and a 1 year high of $7.73.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OPRT. Findell Capital Management LLC bought a new stake in shares of Oportun Financial during the fourth quarter valued at approximately $7,820,000. SG Americas Securities LLC bought a new stake in shares of Oportun Financial during the 4th quarter valued at $40,000. Federated Hermes Inc. grew its position in shares of Oportun Financial by 61.0% in the 4th quarter. Federated Hermes Inc. now owns 80,800 shares of the company’s stock worth $316,000 after buying an additional 30,611 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Oportun Financial in the 4th quarter worth about $66,000. Finally, Jump Financial LLC lifted its position in Oportun Financial by 350.4% during the 4th quarter. Jump Financial LLC now owns 110,411 shares of the company’s stock valued at $432,000 after acquiring an additional 85,895 shares during the period. 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.