Oportun Financial Co. (NASDAQ:OPRT) Receives $8.33 Consensus Price Target from Analysts

Shares of Oportun Financial Co. (NASDAQ:OPRT) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $8.33.

OPRT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Oportun Financial from $6.50 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Stephens initiated coverage on shares of Oportun Financial in a research report on Thursday, June 12th. They issued an “overweight” rating and a $10.00 price objective for the company. Sidoti upgraded shares of Oportun Financial to a “hold” rating in a research report on Thursday, May 1st. Finally, BTIG Research initiated coverage on shares of Oportun Financial in a research report on Wednesday, March 5th. They issued a “buy” rating and a $10.00 price objective for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in Oportun Financial by 28.9% in the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock valued at $10,633,000 after buying an additional 433,827 shares in the last quarter. Acuitas Investments LLC increased its holdings in Oportun Financial by 11.9% in the fourth quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company’s stock valued at $4,463,000 after buying an additional 122,360 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Oportun Financial by 18.9% in the first quarter. Acadian Asset Management LLC now owns 1,055,274 shares of the company’s stock valued at $5,790,000 after buying an additional 167,564 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Oportun Financial by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company’s stock valued at $2,205,000 after buying an additional 24,984 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Oportun Financial by 11.7% in the fourth quarter. Two Sigma Advisers LP now owns 508,500 shares of the company’s stock valued at $1,973,000 after buying an additional 53,400 shares in the last quarter. 82.70% of the stock is owned by hedge funds and other institutional investors.

Oportun Financial Stock Performance

Shares of OPRT opened at $7.32 on Thursday. Oportun Financial has a fifty-two week low of $2.37 and a fifty-two week high of $9.25. The company has a market capitalization of $321.13 million, a price-to-earnings ratio of -3.64 and a beta of 1.25. The firm has a 50-day simple moving average of $5.88 and a 200-day simple moving average of $5.34.

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.