Oportun Financial (NASDAQ:OPRT – Get Free Report) released its earnings results on Tuesday. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05, FiscalAI reports. The company had revenue of $246.20 million during the quarter, compared to analysts’ expectations of $237.87 million. Oportun Financial had a net margin of 2.05% and a return on equity of 13.41%.
Oportun Financial Stock Performance
OPRT stock traded up $0.12 during trading on Tuesday, reaching $10.04. 571,155 shares of the company were exchanged, compared to its average volume of 553,270. The stock’s 50 day moving average price is $8.43 and its 200 day moving average price is $6.23. Oportun Financial has a 52-week low of $4.03 and a 52-week high of $10.28. The company has a market cap of $461.71 million, a P/E ratio of 25.10 and a beta of 1.25.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Oportun Financial from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 24th. Weiss Ratings upgraded shares of Oportun Financial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Jefferies Financial Group lifted their price objective on Oportun Financial from $6.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, October 7th. Finally, Stephens boosted their target price on Oportun Financial from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Oportun Financial has an average rating of “Hold” and a consensus target price of $7.75.
Read Our Latest Research Report on OPRT
Insider Transactions at Oportun Financial
In other news, insider Kathleen Layton sold 4,223 shares of Oportun Financial stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $7.80, for a total transaction of $32,939.40. Following the completion of the sale, the insider directly owned 292,006 shares in the company, valued at approximately $2,277,646.80. This trade represents a 1.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 7,082 shares of company stock valued at $55,240 over the last three months. Company insiders own 1.60% of the company’s stock.
About Oportun Financial
Oportun Financial Corp. is a financial technology company that provides credit products and related financial services to consumers in the United States, with a particular focus on serving Hispanic and other traditionally underserved communities. The company uses data-driven underwriting and digital tools to offer customers access to credit, including borrowers who may have limited credit histories.
Oportun’s primary products have included unsecured personal loans and credit cards. Through its digital platform and customer service channels, the company has also provided tools intended to help consumers manage borrowing, make payments and build or strengthen their credit profiles.
Founded in 2005 as Progreso Financiero, the company adopted the Oportun name in 2015 and became a publicly traded company in 2019.
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