Oportun Financial Co. (NASDAQ:OPRT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Oportun Financial Co. (NASDAQ:OPRT) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $5.70.

Several equities analysts have recently issued reports on OPRT shares. JMP Securities reaffirmed a “market perform” rating on shares of Oportun Financial in a research note on Monday, August 12th. Singular Research raised shares of Oportun Financial to a “strong-buy” rating in a research report on Friday, September 20th.

Oportun Financial Trading Up 0.4 %

Shares of OPRT opened at $2.64 on Friday. Oportun Financial has a 52 week low of $2.05 and a 52 week high of $6.36. The stock has a 50 day moving average of $2.78 and a 200-day moving average of $2.95. The firm has a market cap of $94.30 million, a price-to-earnings ratio of -0.85 and a beta of 1.10.

Oportun Financial (NASDAQ:OPRT) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.28. Oportun Financial had a negative net margin of 11.66% and a negative return on equity of 11.04%. The firm had revenue of $250.40 million for the quarter, compared to the consensus estimate of $246.12 million. On average, sell-side analysts predict that Oportun Financial will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its stake in Oportun Financial by 30.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 15,103 shares of the company’s stock worth $37,000 after purchasing an additional 3,521 shares in the last quarter. Flaharty Asset Management LLC grew its position in Oportun Financial by 75.0% in the second quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company’s stock valued at $102,000 after acquiring an additional 15,000 shares during the last quarter. SkyView Investment Advisors LLC increased its position in Oportun Financial by 28.6% during the 2nd quarter. SkyView Investment Advisors LLC now owns 67,500 shares of the company’s stock worth $196,000 after purchasing an additional 15,000 shares in the last quarter. Empowered Funds LLC raised its position in Oportun Financial by 8.2% in the first quarter. Empowered Funds LLC now owns 97,432 shares of the company’s stock valued at $237,000 after purchasing an additional 7,350 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Oportun Financial by 16.1% in the 2nd quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock valued at $658,000 after buying an additional 31,415 shares during the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

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.