Oportun Financial Co. (NASDAQ:OPRT) Expected to Earn Q1 2024 Earnings of $0.00 Per Share

Oportun Financial Co. (NASDAQ:OPRT) – Equities research analysts at B. Riley issued their Q1 2024 earnings per share (EPS) estimates for Oportun Financial in a research note issued on Wednesday, April 24th. B. Riley analyst H. Goetsch expects that the company will earn $0.00 per share for the quarter. B. Riley currently has a “Buy” rating and a $8.00 target price on the stock. The consensus estimate for Oportun Financial’s current full-year earnings is ($0.18) per share. B. Riley also issued estimates for Oportun Financial’s Q2 2024 earnings at ($0.14) EPS, Q3 2024 earnings at $0.08 EPS, Q4 2024 earnings at $0.29 EPS, FY2024 earnings at $0.22 EPS and FY2025 earnings at $1.10 EPS.

Several other research firms also recently commented on OPRT. Keefe, Bruyette & Woods reduced their price objective on Oportun Financial from $4.50 to $4.00 and set a “market perform” rating on the stock in a report on Thursday, March 14th. Jefferies Financial Group downgraded Oportun Financial from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $9.00 to $3.50 in a report on Thursday, March 14th. Finally, JMP Securities reiterated a “market perform” rating and issued a $6.50 price target on shares of Oportun Financial in a report on Friday, March 15th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.00.

Oportun Financial Stock Up 1.6 %

OPRT opened at $3.15 on Monday. The stock’s fifty day moving average is $2.98 and its two-hundred day moving average is $3.54. The company has a market capitalization of $108.86 million, a P/E ratio of -0.62 and a beta of 1.26. Oportun Financial has a 52 week low of $2.05 and a 52 week high of $7.73.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings data on Tuesday, March 12th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.58) by ($0.06). The firm had revenue of $262.60 million for the quarter, compared to analysts’ expectations of $261.64 million. Oportun Financial had a negative return on equity of 31.58% and a negative net margin of 17.02%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OPRT. Public Employees Retirement System of Ohio acquired a new stake in shares of Oportun Financial in the 3rd quarter worth $39,000. SG Americas Securities LLC acquired a new stake in shares of Oportun Financial in the 4th quarter worth $40,000. Tower Research Capital LLC TRC boosted its position in shares of Oportun Financial by 7,197.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 14,594 shares of the company’s stock worth $57,000 after purchasing an additional 14,394 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Oportun Financial in the 4th quarter worth $66,000. Finally, Versant Capital Management Inc boosted its position in shares of Oportun Financial by 85.2% in the 1st quarter. Versant Capital Management Inc now owns 30,601 shares of the company’s stock worth $74,000 after purchasing an additional 14,079 shares in the last quarter. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Oportun Financial Company Profile

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.