Cubist Systematic Strategies LLC Has $206,000 Stock Position in Oportun Financial Co. (NASDAQ:OPRT)

Cubist Systematic Strategies LLC grew its holdings in shares of Oportun Financial Co. (NASDAQ:OPRT) by 83.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,080 shares of the company’s stock after buying an additional 24,135 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Oportun Financial were worth $206,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Acuitas Investments LLC grew its holdings in shares of 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 buying an additional 122,360 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Oportun Financial by 4.6% during 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 during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Oportun Financial by 22.5% during the fourth quarter. Renaissance Technologies LLC now owns 424,600 shares of the company’s stock valued at $1,647,000 after buying an additional 77,907 shares during the last quarter. Kennedy Capital Management LLC grew its holdings in shares of Oportun Financial by 8.4% during the fourth quarter. Kennedy Capital Management LLC now owns 374,863 shares of the company’s stock valued at $1,454,000 after buying an additional 29,096 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Oportun Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 317,050 shares of the company’s stock valued at $1,230,000 after buying an additional 5,600 shares during the last quarter. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Oportun Financial Stock Performance

Oportun Financial stock opened at $6.75 on Monday. Oportun Financial Co. has a fifty-two week low of $2.37 and a fifty-two week high of $9.25. The stock has a market cap of $253.13 million, a PE ratio of -3.36 and a beta of 1.23. The firm’s 50-day simple moving average is $5.38 and its 200 day simple moving average is $4.83.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OPRT. 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 report on Tuesday, April 8th. BTIG Research began coverage on shares of Oportun Financial in a report on Wednesday, March 5th. They set a “buy” rating and a $10.00 price target on the stock. JMP Securities restated a “market perform” rating on shares of Oportun Financial in a report on Friday, February 14th. Finally, Sidoti upgraded shares of Oportun Financial to a “hold” rating in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oportun Financial has an average rating of “Moderate Buy” and a consensus target price of $7.50.

Oportun Financial 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.