Oportun Financial Corporation (NASDAQ:OPRT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Oportun Financial Corporation (NASDAQ:OPRT) have been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $8.33.

Several brokerages have issued reports on OPRT. BTIG Research began coverage on Oportun Financial in a research note on Wednesday, March 5th. They set a “buy” rating and a $10.00 price target for the company. JPMorgan Chase & Co. lowered their target price on Oportun Financial from $6.50 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Sidoti raised Oportun Financial to a “hold” rating in a research note on Thursday, May 1st. Finally, Stephens began coverage on Oportun Financial in a research note on Thursday, June 12th. They issued an “overweight” rating and a $10.00 target price for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bridgeway Capital Management LLC increased its holdings in Oportun Financial by 1.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 237,728 shares of the company’s stock valued at $922,000 after purchasing an additional 3,008 shares during the period. Flaharty Asset Management LLC increased its holdings in Oportun Financial by 11.1% during the 4th quarter. Flaharty Asset Management LLC now owns 50,000 shares of the company’s stock valued at $194,000 after purchasing an additional 5,000 shares during the period. Barclays PLC increased its holdings in Oportun Financial by 26.5% during the 4th quarter. Barclays PLC now owns 24,447 shares of the company’s stock valued at $96,000 after purchasing an additional 5,114 shares during the period. Geode Capital Management LLC increased its holdings in Oportun Financial by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 317,050 shares of the company’s stock valued at $1,230,000 after purchasing an additional 5,600 shares during the period. Finally, Empowered Funds LLC increased its holdings in Oportun Financial by 5.1% during the 4th quarter. Empowered Funds LLC now owns 116,228 shares of the company’s stock valued at $451,000 after purchasing an additional 5,608 shares during the period. Hedge funds and other institutional investors own 82.70% of the company’s stock.

Oportun Financial Stock Up 3.1%

Shares of OPRT stock opened at $7.00 on Thursday. The business has a 50-day moving average price of $5.98 and a two-hundred day moving average price of $5.36. Oportun Financial has a 12-month low of $2.37 and a 12-month high of $9.25. The firm has a market cap of $307.09 million, a P/E ratio of -6.25 and a beta of 1.25.

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.