Brokerages Set Oportun Financial Corporation (NASDAQ:OPRT) Target Price at $8.17

Oportun Financial Corporation (NASDAQ:OPRT) has received a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $8.1667.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 target price on the stock in a research note on Monday, January 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Oportun Financial in a research note on Monday, December 29th. Wall Street Zen downgraded Oportun Financial from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, BTIG Research reiterated a “buy” rating and issued a $9.00 target price on shares of Oportun Financial in a research note on Friday, February 27th.

Insider Transactions at Oportun Financial

In other news, insider Kathleen I. Layton sold 19,355 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $4.90, for a total value of $94,839.50. Following the transaction, the insider directly owned 225,872 shares in the company, valued at approximately $1,106,772.80. This represents a 7.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Patrick Kirscht sold 54,299 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $4.90, for a total transaction of $266,065.10. Following the completion of the transaction, the insider directly owned 439,618 shares in the company, valued at $2,154,128.20. This represents a 10.99% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On Oportun Financial

A number of institutional investors have recently modified their holdings of the stock. Kemnay Advisory Services Inc. purchased a new stake in shares of Oportun Financial in the fourth quarter valued at approximately $28,000. Clearstead Advisors LLC increased its holdings in Oportun Financial by 192.9% during the 4th quarter. Clearstead Advisors LLC now owns 5,574 shares of the company’s stock worth $29,000 after purchasing an additional 3,671 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in Oportun Financial during the 2nd quarter worth $55,000. State of Alaska Department of Revenue bought a new stake in Oportun Financial during the 4th quarter valued at $58,000. Finally, Virtu Financial LLC bought a new stake in Oportun Financial during the 3rd quarter valued at $64,000. 82.70% of the stock is owned by hedge funds and other institutional investors.

Oportun Financial Trading Down 9.0%

Oportun Financial stock opened at $4.13 on Friday. Oportun Financial has a 12-month low of $4.05 and a 12-month high of $7.97. The firm has a 50-day moving average price of $5.18 and a 200-day moving average price of $5.44. The firm has a market capitalization of $183.79 million, a PE ratio of 7.79 and a beta of 1.18.

Oportun Financial (NASDAQ:OPRT) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $247.80 million for the quarter, compared to the consensus estimate of $243.48 million. Oportun Financial had a net margin of 2.64% and a return on equity of 14.82%. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. As a group, sell-side analysts predict that Oportun Financial will post 0.94 earnings per share for the current fiscal year.

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.