JPMorgan Chase & Co. Cuts Oportun Financial (NASDAQ:OPRT) Price Target to $5.00

Oportun Financial (NASDAQ:OPRT) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $6.50 to $5.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 9.17% from the company’s current price.

Several other analysts also recently issued reports on the company. JMP Securities restated a “market perform” rating on shares of Oportun Financial in a report on Friday, February 14th. BTIG Research assumed coverage on Oportun Financial in a research report on Wednesday, March 5th. They set a “buy” rating and a $10.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Oportun Financial has an average rating of “Moderate Buy” and an average target price of $7.67.

Oportun Financial Stock Performance

Shares of NASDAQ:OPRT opened at $4.58 on Tuesday. The stock has a market capitalization of $165.49 million, a price-to-earnings ratio of -2.28 and a beta of 0.86. Oportun Financial has a 1-year low of $2.05 and a 1-year high of $9.25. The company has a 50 day moving average price of $6.06 and a 200 day moving average price of $4.31.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. Oportun Financial had a positive return on equity of 5.49% and a negative net margin of 7.86%. On average, sell-side analysts expect that Oportun Financial will post 0.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Oportun Financial

Hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in Oportun Financial by 7.4% in the 4th quarter. Millennium Management LLC now owns 1,502,970 shares of the company’s stock worth $5,832,000 after purchasing an additional 104,186 shares during the last quarter. Acuitas Investments LLC increased its stake in Oportun Financial by 11.9% during the fourth quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company’s stock valued at $4,463,000 after acquiring an additional 122,360 shares during the period. Dimensional Fund Advisors LP raised its holdings in Oportun Financial by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company’s stock valued at $2,205,000 after acquiring an additional 24,984 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Oportun Financial by 11.7% in the 4th quarter. Two Sigma Advisers LP now owns 508,500 shares of the company’s stock worth $1,973,000 after acquiring an additional 53,400 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Oportun Financial by 22.5% during the 4th quarter. Renaissance Technologies LLC now owns 424,600 shares of the company’s stock worth $1,647,000 after purchasing an additional 77,907 shares in the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.

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.