Oportun Financial (NASDAQ:OPRT) Raised to Strong-Buy at Wall Street Zen

Oportun Financial (NASDAQ:OPRT) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Monday.

Several other research firms have also commented on OPRT. JPMorgan Chase & Co. reduced their price target on Oportun Financial from $6.00 to $5.50 and set an “underweight” rating on the stock in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oportun Financial in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of Oportun Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Oportun Financial currently has an average rating of “Hold” and a consensus price target of $8.50.

Oportun Financial Trading Down 2.9%

OPRT stock opened at $5.06 on Monday. The firm has a 50-day moving average of $5.16 and a two-hundred day moving average of $5.83. Oportun Financial has a 12 month low of $3.62 and a 12 month high of $9.24. The company has a market cap of $223.30 million, a price-to-earnings ratio of 7.67 and a beta of 1.21.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.13. Oportun Financial had a return on equity of 17.61% and a net margin of 3.19%.The business had revenue of $238.69 million during the quarter, compared to analyst estimates of $238.52 million. As a group, equities analysts forecast that Oportun Financial will post 0.94 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Oportun Financial during the second quarter valued at about $55,000. Corsair Capital Management L.P. acquired a new stake in Oportun Financial in the 2nd quarter valued at approximately $72,000. Virtu Financial LLC purchased a new stake in Oportun Financial in the third quarter valued at approximately $64,000. The Manufacturers Life Insurance Company purchased a new stake in Oportun Financial in the second quarter valued at approximately $85,000. Finally, PharVision Advisers LLC acquired a new position in Oportun Financial during the third quarter worth $77,000. Hedge funds and other institutional investors own 82.70% of the company’s stock.

About Oportun Financial

Oportun Financial Corporation (NASDAQ: OPRT) is a financial technology company that provides consumer lending products aimed at serving the underbanked and credit-invisible population in the United States. Headquartered in Redwood City, California, Oportun operates a digital platform that enables borrowers to access credit through unsecured personal installment loans, secured credit-builder loans and a proprietary mobile wallet. The company leverages machine learning and alternative data sources to assess creditworthiness, extending financial services to customers with limited or no traditional credit history.

The company’s core offerings include fixed-term installment loans designed to help individuals cover unexpected expenses, consolidate debt or build credit.