Oportun Financial (NASDAQ:OPRT) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Oportun Financial (NASDAQ:OPRT) from a strong-buy rating to a buy rating in a research report report published on Tuesday.

A number of other equities research analysts also recently issued reports on OPRT. JPMorgan Chase & Co. raised Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 price target on the stock in a research report on Monday, January 12th. Zacks Research downgraded Oportun Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8.50.

Oportun Financial Stock Performance

OPRT opened at $4.85 on Tuesday. The business’s 50-day simple moving average is $5.18 and its 200 day simple moving average is $5.76. The firm has a market capitalization of $214.03 million, a PE ratio of 7.35 and a beta of 1.21. Oportun Financial has a 52-week low of $3.62 and a 52-week high of $9.24.

Oportun Financial (NASDAQ:OPRT) last issued its 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 net margin of 3.19% and a return on equity of 17.61%. The company had revenue of $238.69 million for the quarter, compared to analysts’ expectations of $238.52 million. On average, research 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 added to or reduced their stakes in the company. Acuitas Investments LLC boosted its position in shares of Oportun Financial by 20.4% during the 3rd quarter. Acuitas Investments LLC now owns 892,449 shares of the company’s stock valued at $5,506,000 after purchasing an additional 151,008 shares in the last quarter. PharVision Advisers LLC acquired a new position in Oportun Financial in the third quarter valued at approximately $77,000. Prosperity Wealth Management Inc. bought a new position in shares of Oportun Financial during the 3rd quarter worth approximately $286,000. Centiva Capital LP acquired a new stake in shares of Oportun Financial during the 3rd quarter worth approximately $86,000. Finally, Zacks Investment Management acquired a new stake in shares of Oportun Financial during the 3rd quarter worth approximately $139,000. Institutional investors own 82.70% of the company’s stock.

Oportun Financial Company Profile

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.