Oportun Financial (NASDAQ:OPRT) Upgraded by Wall Street Zen to Strong-Buy Rating

Oportun Financial (NASDAQ:OPRT) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of Oportun Financial from $6.00 to $5.50 and set an “underweight” rating for the company in a research note on Thursday, December 4th. Zacks Research lowered shares of Oportun Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.50.

Oportun Financial Stock Performance

OPRT stock opened at $5.37 on Friday. The firm has a market cap of $236.98 million, a P/E ratio of 8.14 and a beta of 1.24. Oportun Financial has a 1 year low of $3.45 and a 1 year high of $9.24. The stock has a 50-day simple moving average of $5.21 and a 200-day simple moving average of $6.00.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.13. Oportun Financial had a return on equity of 17.61% and a net margin of 3.19%.The firm had revenue of $238.69 million during the quarter, compared to analysts’ expectations of $238.52 million. On average, equities research analysts predict that Oportun Financial will post 0.94 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Oportun Financial in the 2nd quarter worth about $55,000. Corsair Capital Management L.P. acquired a new position in Oportun Financial in the second quarter worth about $72,000. Virtu Financial LLC acquired a new position in Oportun Financial in the third quarter worth about $64,000. The Manufacturers Life Insurance Company bought a new stake in Oportun Financial in the second quarter valued at about $85,000. Finally, PharVision Advisers LLC acquired a new stake in Oportun Financial during the third quarter valued at approximately $77,000. 82.70% of the stock is owned by institutional investors and hedge funds.

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.