Globeflex Capital L P purchased a new stake in Oportun Financial Corporation (NASDAQ:OPRT – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 81,800 shares of the company’s stock, valued at approximately $467,000. Globeflex Capital L P owned 0.18% of Oportun Financial at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Oportun Financial in the 2nd quarter valued at $19,244,000. Cannell Capital LLC raised its stake in Oportun Financial by 7,067.0% during the 2nd quarter. Cannell Capital LLC now owns 1,601,244 shares of the company’s stock worth $11,465,000 after buying an additional 1,578,902 shares during the period. Simcoe Capital LLC acquired a new stake in Oportun Financial during the 4th quarter worth $4,208,000. Millennium Management LLC raised its stake in Oportun Financial by 54.1% during the 4th quarter. Millennium Management LLC now owns 1,899,552 shares of the company’s stock worth $10,049,000 after buying an additional 667,271 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Oportun Financial by 30.4% during the third quarter. Vanguard Group Inc. now owns 2,106,640 shares of the company’s stock worth $12,998,000 after acquiring an additional 490,608 shares in the last quarter. Institutional investors own 82.70% of the company’s stock.
Oportun Financial Stock Down 1.2%
NASDAQ:OPRT opened at $7.51 on Wednesday. The company has a market cap of $345.38 million, a P/E ratio of 18.78 and a beta of 1.22. Oportun Financial Corporation has a twelve month low of $4.03 and a twelve month high of $8.30. The business has a 50 day moving average price of $6.24 and a two-hundred day moving average price of $5.53.
Wall Street Analysts Forecast Growth
OPRT has been the subject of a number of research analyst reports. Stephens boosted their target price on Oportun Financial from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oportun Financial in a research report on Wednesday, June 24th. Finally, Wall Street Zen upgraded Oportun Financial from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.33.
Check Out Our Latest Analysis on Oportun Financial
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.
Read More
- Five stocks we like better than Oportun Financial
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Receive News & Ratings for Oportun Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oportun Financial and related companies with MarketBeat.com's FREE daily email newsletter.
