Oportun Financial Corporation (NASDAQ:OPRT) Receives Average Rating of “Buy” from Analysts

Oportun Financial Corporation (NASDAQ:OPRT) has been given a consensus recommendation of “Buy” by the six research firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have issued a report on the stock in the last year is $19.83.

Several research firms have recently commented on OPRT. Jefferies Financial Group began coverage on Oportun Financial in a research note on Monday, October 21st. They issued a “buy” rating and a $19.00 price objective on the stock. JMP Securities began coverage on Oportun Financial in a research note on Wednesday, October 23rd. They issued an “outperform” rating and a $20.00 price objective on the stock. Keefe, Bruyette & Woods began coverage on Oportun Financial in a research note on Monday, October 21st. They issued an “outperform” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Oportun Financial in a research note on Monday, October 21st. They issued an “overweight” rating and a $20.00 price objective on the stock. Finally, Barclays began coverage on Oportun Financial in a research note on Monday, October 21st. They issued an “overweight” rating and a $21.00 price objective on the stock.

In related news, major shareholder Madrone Partners, L.P. sold 1,976,455 shares of Oportun Financial stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $15.00, for a total transaction of $29,646,825.00. Also, Director Carl Pascarella sold 240,000 shares of Oportun Financial stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $15.00, for a total value of $3,600,000.00.

Shares of NASDAQ OPRT traded down $0.34 during trading on Wednesday, hitting $16.65. The company had a trading volume of 103,344 shares, compared to its average volume of 151,470. Oportun Financial has a 12 month low of $14.22 and a 12 month high of $18.04.

About Oportun Financial

Oportun is a high-growth, mission-driven CDFI and provider of inclusive, affordable financial services powered by a deep, data-driven understanding of its customers and advanced proprietary technology. By lending money to hardworking, low-to-moderate-income individuals, Oportun helps them move forward in their lives, demonstrate their creditworthiness, and establish the credit history they need to access new opportunities.

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Analyst Recommendations for Oportun Financial (NASDAQ:OPRT)

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