Oportun Financial (NASDAQ:OPRT) Given New $8.00 Price Target at B. Riley

Oportun Financial (NASDAQ:OPRT) had its price objective trimmed by B. Riley from $9.00 to $8.00 in a research report sent to investors on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group downgraded Oportun Financial from a buy rating to a hold rating and lowered their price target for the stock from $9.00 to $3.50 in a research report on Thursday, March 14th. Keefe, Bruyette & Woods cut their price target on Oportun Financial from $4.50 to $4.00 and set a market perform rating for the company in a research note 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 research note on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Oportun Financial has a consensus rating of Hold and an average price target of $6.00.

Oportun Financial Trading Up 2.9 %

OPRT opened at $3.24 on Wednesday. Oportun Financial has a 52-week low of $2.05 and a 52-week high of $7.73. The business’s 50-day simple moving average is $3.01 and its 200 day simple moving average is $3.62.

Oportun Financial (NASDAQ:OPRT) last released its earnings results on Tuesday, March 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by ($0.06). Oportun Financial had a negative return on equity of 31.58% and a negative net margin of 17.02%. The company had revenue of $262.60 million for the quarter, compared to the consensus estimate of $261.64 million. As a group, research analysts predict that Oportun Financial will post -0.38 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OPRT. Public Employees Retirement System of Ohio bought a new position in shares of Oportun Financial in the 3rd quarter valued at $39,000. SG Americas Securities LLC bought a new position in shares of Oportun Financial in the 4th quarter valued at $40,000. Tower Research Capital LLC TRC lifted its stake 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 valued at $57,000 after acquiring an additional 14,394 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Oportun Financial in the 4th quarter valued at $66,000. Finally, Versant Capital Management Inc lifted its stake 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 valued at $74,000 after acquiring an additional 14,079 shares during the last quarter. 82.70% of the stock is currently owned by 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.