Brokerages Set Oportun Financial Co. (NASDAQ:OPRT) Target Price at $6.40

Oportun Financial Co. (NASDAQ:OPRT) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned 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 $6.40.

A number of equities analysts have recently weighed in on the stock. BTIG Research started coverage on shares of Oportun Financial in a research note on Wednesday, March 5th. They set a “buy” rating and a $10.00 price target on the stock. JMP Securities restated a “market perform” rating on shares of Oportun Financial in a report on Friday, February 14th.

Insider Activity

In other news, Director Mohit Daswani acquired 7,420 shares of the business’s stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $3.90 per share, for a total transaction of $28,938.00. Following the completion of the purchase, the director now directly owns 41,924 shares of the company’s stock, valued at $163,503.60. This represents a 21.50 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On Oportun Financial

Large investors have recently bought and sold shares of the business. Squarepoint Ops LLC bought a new stake in Oportun Financial in the 4th quarter valued at about $79,000. Two Sigma Investments LP increased its holdings in shares of Oportun Financial by 10.7% in the fourth quarter. Two Sigma Investments LP now owns 312,561 shares of the company’s stock valued at $1,213,000 after buying an additional 30,201 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Oportun Financial by 11.7% during the 4th quarter. Two Sigma Advisers LP now owns 508,500 shares of the company’s stock worth $1,973,000 after buying an additional 53,400 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in Oportun Financial during the 4th quarter worth approximately $121,000. Finally, Millennium Management LLC grew its stake in Oportun Financial by 7.4% during the 4th quarter. Millennium Management LLC now owns 1,502,970 shares of the company’s stock valued at $5,832,000 after acquiring an additional 104,186 shares in the last quarter. Institutional investors own 82.70% of the company’s stock.

Oportun Financial Stock Performance

OPRT opened at $5.87 on Wednesday. The business’s 50-day simple moving average is $5.36 and its 200-day simple moving average is $3.91. Oportun Financial has a one year low of $2.05 and a one year high of $9.25. The company has a market cap of $212.11 million, a P/E ratio of -2.92 and a beta of 1.13.

Oportun Financial (NASDAQ:OPRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. Oportun Financial had a negative net margin of 7.86% and a positive return on equity of 5.49%. As a group, analysts predict that Oportun Financial will post 0.94 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.