Oportun Financial (NASDAQ:OPRT) Stock Rating Lowered by Wall Street Zen

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

Other equities analysts also recently issued reports about the company. Zacks Research downgraded Oportun Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. JPMorgan Chase & Co. upgraded shares of Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 price objective for the company in a research report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Oportun Financial has a consensus rating of “Hold” and a consensus price target of $8.50.

Oportun Financial Trading Down 1.9%

Oportun Financial stock opened at $5.03 on Tuesday. The company has a fifty day simple moving average of $5.18 and a 200-day simple moving average of $5.78. The stock has a market cap of $221.97 million, a P/E ratio of 7.62 and a beta of 1.21. Oportun Financial has a 12-month low of $3.62 and a 12-month high of $9.24.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.13. The company had revenue of $238.69 million during the quarter, compared to the consensus estimate of $238.52 million. Oportun Financial had a return on equity of 17.61% and a net margin of 3.19%. As a group, sell-side analysts forecast that Oportun Financial will post 0.94 earnings per share for the current fiscal year.

Institutional Trading of Oportun Financial

A number of hedge funds have recently added to or reduced their stakes in OPRT. Cannell Capital LLC boosted its stake in shares of 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 acquiring an additional 1,578,902 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Oportun Financial by 30.4% in the third quarter. Vanguard Group Inc. now owns 2,106,640 shares of the company’s stock valued at $12,998,000 after purchasing an additional 490,608 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Oportun Financial by 131.6% during the 2nd quarter. Geode Capital Management LLC now owns 776,844 shares of the company’s stock worth $5,563,000 after purchasing an additional 441,392 shares in the last quarter. Millennium Management LLC raised its position in shares of Oportun Financial by 28.9% during the 1st quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock worth $10,633,000 after purchasing an additional 433,827 shares during the last quarter. Finally, CenterBook Partners LP purchased a new stake in Oportun Financial in the 2nd quarter valued at approximately $2,950,000. 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.