Oportun Financial Corporation (NASDAQ:OPRT – Get Free Report) shot up 3% during trading on Thursday . The company traded as high as $5.25 and last traded at $5.16. 1,108,983 shares traded hands during trading, an increase of 93% from the average session volume of 575,522 shares. The stock had previously closed at $5.01.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. BTIG Research reiterated a “buy” rating and issued a $9.00 target price on shares of Oportun Financial in a report on Friday, February 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a report on Friday, March 27th. Wall Street Zen cut shares of Oportun Financial from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Oportun Financial from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.00.
Read Our Latest Research Report on OPRT
Oportun Financial Price Performance
Oportun Financial (NASDAQ:OPRT – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Oportun Financial had a return on equity of 12.14% and a net margin of 1.87%.The firm had revenue of $228.76 million during the quarter, compared to analysts’ expectations of $228.58 million. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. Equities analysts anticipate that Oportun Financial Corporation will post 1.13 EPS for the current year.
Institutional Investors Weigh In On Oportun Financial
Large investors have recently made changes to their positions in the company. Millennium Management LLC increased its holdings in Oportun Financial by 28.9% in the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock worth $10,633,000 after buying an additional 433,827 shares during the last quarter. NewEdge Advisors LLC bought a new position in Oportun Financial during the first quarter valued at approximately $132,000. Goldman Sachs Group Inc. raised its position in Oportun Financial by 499.3% during the first quarter. Goldman Sachs Group Inc. now owns 313,446 shares of the company’s stock valued at $1,721,000 after acquiring an additional 261,147 shares in the last quarter. Empowered Funds LLC lifted its stake in Oportun Financial by 7.5% in the first quarter. Empowered Funds LLC now owns 124,980 shares of the company’s stock valued at $686,000 after acquiring an additional 8,752 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Oportun Financial by 238.6% in the first quarter. Jane Street Group LLC now owns 191,066 shares of the company’s stock valued at $1,049,000 after acquiring an additional 134,643 shares during the last quarter. 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.
Read More
- Five stocks we like better than Oportun Financial
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
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.
-logo-1200x675.png){kind=logo}