Stephens Issues Positive Forecast for Oportun Financial (NASDAQ:OPRT) Stock Price

Oportun Financial (NASDAQ:OPRT) had its target price boosted by equities researchers at Stephens from $12.00 to $14.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Stephens‘s target price indicates a potential upside of 11.20% from the stock’s previous close.

Several other brokerages also recently weighed in on OPRT. Jefferies Financial Group increased their target price on shares of Oportun Financial from $6.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, October 7th. Weiss Ratings upgraded shares of Oportun Financial from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen upgraded shares of Oportun Financial from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 24th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Oportun Financial has a consensus rating of “Hold” and a consensus target price of $9.25.

Oportun Financial Trading Up 25.4%

NASDAQ:OPRT traded up $2.55 during midday trading on Wednesday, hitting $12.59. 2,279,265 shares of the company traded hands, compared to its average volume of 561,202. The firm’s fifty day moving average is $8.48 and its 200-day moving average is $6.26. Oportun Financial has a 12-month low of $4.03 and a 12-month high of $12.98. The firm has a market capitalization of $579.01 million, a P/E ratio of 31.56 and a beta of 1.29.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The company had revenue of $246.28 million during the quarter, compared to analyst estimates of $237.87 million. Oportun Financial had a net margin of 2.05% and a return on equity of 13.41%. On average, research analysts expect that Oportun Financial will post 1.28 EPS for the current fiscal year.

Insider Transactions at Oportun Financial

In related news, insider Kathleen Layton sold 4,223 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $7.80, for a total transaction of $32,939.40. Following the completion of the transaction, the insider owned 292,006 shares in the company, valued at $2,277,646.80. The trade was a 1.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 7,082 shares of company stock worth $55,240. 1.60% of the stock is owned by insiders.

Institutional Trading of Oportun Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Holdings LLC purchased a new stake in shares of Oportun Financial during the second quarter valued at $33,000. Commonwealth Equity Services LLC purchased a new position in Oportun Financial in the 3rd quarter worth about $93,000. The Manufacturers Life Insurance Company purchased a new position in Oportun Financial in the 2nd quarter worth about $66,000. Abel Hall LLC bought a new stake in Oportun Financial during the 1st quarter valued at about $57,000. Finally, Canada Pension Plan Investment Board bought a new stake in Oportun Financial during the 2nd quarter valued at about $74,000. 82.70% of the stock is currently owned by institutional investors.

Oportun Financial Company Profile

Oportun Financial Corp. is a financial technology company that provides credit products and related financial services to consumers in the United States, with a particular focus on serving Hispanic and other traditionally underserved communities. The company uses data-driven underwriting and digital tools to offer customers access to credit, including borrowers who may have limited credit histories.

Oportun’s primary products have included unsecured personal loans and credit cards. Through its digital platform and customer service channels, the company has also provided tools intended to help consumers manage borrowing, make payments and build or strengthen their credit profiles.

Founded in 2005 as Progreso Financiero, the company adopted the Oportun name in 2015 and became a publicly traded company in 2019.