Oportun Financial (NASDAQ:OPRT) Receives “Market Perform” Rating from JMP Securities

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

Oportun Financial Stock Performance

Shares of NASDAQ OPRT opened at $7.57 on Friday. The company has a market cap of $272.37 million, a P/E ratio of -2.29 and a beta of 1.16. Oportun Financial has a 52-week low of $2.05 and a 52-week high of $7.75. The firm’s fifty day moving average is $4.27 and its two-hundred day moving average is $3.41.

Oportun Financial (NASDAQ:OPRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. Oportun Financial had a negative return on equity of 6.59% and a negative net margin of 12.75%. As a group, analysts forecast that Oportun Financial will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Raul Vazquez acquired 8,844 shares of Oportun Financial stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $3.86 per share, with a total value of $34,137.84. Following the completion of the purchase, the chief executive officer now directly owns 1,257,328 shares of the company’s stock, valued at $4,853,286.08. The trade was a 0.71 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mohit Daswani acquired 7,420 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $3.90 per share, with a total value of $28,938.00. Following the completion of the purchase, the director now directly owns 41,924 shares in the company, valued at approximately $163,503.60. The trade was a 21.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 41,264 shares of company stock worth $159,826. Insiders own 9.30% of the company’s stock.

Institutional Trading of Oportun Financial

Several hedge funds and other institutional investors have recently bought and sold shares of OPRT. Geode Capital Management LLC boosted its stake in Oportun Financial by 4.9% during the third quarter. Geode Capital Management LLC now owns 311,450 shares of the company’s stock worth $875,000 after buying an additional 14,683 shares during the period. RBF Capital LLC boosted its stake in shares of Oportun Financial by 82.9% during the 3rd quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock worth $2,748,000 after purchasing an additional 443,177 shares during the period. SkyView Investment Advisors LLC grew its holdings in Oportun Financial by 59.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company’s stock valued at $302,000 after purchasing an additional 40,000 shares during the last quarter. Empowered Funds LLC raised its position in Oportun Financial by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock worth $311,000 after purchasing an additional 5,628 shares during the period. Finally, Telos Capital Management Inc. bought a new stake in Oportun Financial in the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 82.70% of the company’s stock.

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.