Oportun Financial Corporation (NASDAQ:OPRT) Given Average Rating of “Hold” by Brokerages

Oportun Financial Corporation (NASDAQ:OPRT) has earned a consensus rating of “Hold” from the five analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $9.3333.

OPRT has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Oportun Financial from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Wall Street Zen upgraded shares of Oportun Financial from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, Stephens initiated coverage on shares of Oportun Financial in a report on Thursday, June 12th. They issued an “overweight” rating and a $10.00 target price for the company.

Insider Buying and Selling

In other Oportun Financial news, insider Kathleen I. Layton sold 4,214 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $6.64, for a total value of $27,980.96. Following the completion of the transaction, the insider directly owned 159,184 shares in the company, valued at approximately $1,056,981.76. The trade was a 2.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On Oportun Financial

A number of large investors have recently added to or reduced their stakes in OPRT. Cannell Capital LLC grew its stake in shares of Oportun Financial by 7,067.0% during the second quarter. Cannell Capital LLC now owns 1,601,244 shares of the company’s stock worth $11,465,000 after acquiring an additional 1,578,902 shares during the last quarter. Boston Partners purchased a new stake in shares of Oportun Financial during the first quarter worth about $2,728,000. Geode Capital Management LLC grew its stake in shares of Oportun Financial by 131.6% during the second quarter. Geode Capital Management LLC now owns 776,844 shares of the company’s stock worth $5,563,000 after acquiring an additional 441,392 shares during the last quarter. Millennium Management LLC grew its stake in shares of Oportun Financial by 28.9% during the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock worth $10,633,000 after acquiring an additional 433,827 shares during the last quarter. Finally, CenterBook Partners LP purchased a new stake in shares of Oportun Financial during the second quarter worth about $2,950,000. 82.70% of the stock is currently owned by institutional investors.

Oportun Financial Trading Down 3.4%

Shares of Oportun Financial stock opened at $6.50 on Friday. The firm has a market cap of $286.07 million, a P/E ratio of -32.50 and a beta of 1.33. The stock’s fifty day moving average price is $6.36 and its 200-day moving average price is $6.15. Oportun Financial has a 12 month low of $2.40 and a 12 month high of $9.24.

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.