Oportun Financial Co. (NASDAQ:OPRT) Receives $5.70 Consensus Price Target from Brokerages

Shares of Oportun Financial Co. (NASDAQ:OPRT) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $5.70.

OPRT has been the topic of several research reports. JMP Securities restated a “market perform” rating on shares of Oportun Financial in a research report on Monday, August 12th. Singular Research upgraded Oportun Financial to a “strong-buy” rating in a report on Friday, September 20th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its position in 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 valued at $37,000 after buying an additional 3,521 shares during the period. Empowered Funds LLC boosted its holdings in Oportun Financial by 8.2% in the first quarter. Empowered Funds LLC now owns 97,432 shares of the company’s stock worth $237,000 after purchasing an additional 7,350 shares during the last quarter. Versant Capital Management Inc raised its stake 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 buying an additional 14,079 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of Oportun Financial by 28.6% during the 2nd quarter. SkyView Investment Advisors LLC now owns 67,500 shares of the company’s stock valued at $196,000 after buying an additional 15,000 shares during the period. Finally, Flaharty Asset Management LLC grew its stake in shares of Oportun Financial by 75.0% during the 2nd quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company’s stock valued at $102,000 after purchasing an additional 15,000 shares during the period. Hedge funds and other institutional investors own 82.70% of the company’s stock.

Oportun Financial Stock Performance

Shares of OPRT opened at $2.81 on Tuesday. Oportun Financial has a 52-week low of $2.05 and a 52-week high of $7.41. The stock’s 50-day simple moving average is $2.92 and its 200 day simple moving average is $2.94. The stock has a market capitalization of $100.37 million, a price-to-earnings ratio of -1.03 and a beta of 1.11.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.28. The firm had revenue of $250.40 million during 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, research analysts forecast that Oportun Financial will post 0.15 earnings per share 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.