JMP Securities Reaffirms “Market Perform” Rating for Oportun Financial (NASDAQ:OPRT)

Oportun Financial (NASDAQ:OPRT)‘s stock had its “market perform” rating reissued by JMP Securities in a research report issued on Friday,Benzinga reports.

Oportun Financial Price Performance

NASDAQ:OPRT traded up $0.76 during trading hours on Friday, reaching $7.16. 379,849 shares of the company were exchanged, compared to its average volume of 407,318. The company has a market capitalization of $257.76 million, a P/E ratio of -2.17 and a beta of 1.16. Oportun Financial has a 1-year low of $2.05 and a 1-year high of $7.75. The business has a 50 day moving average of $4.20 and a 200 day moving average of $3.38.

Oportun Financial (NASDAQ:OPRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. Oportun Financial had a negative return on equity of 6.59% and a negative net margin of 12.75%. As a group, equities research analysts anticipate that Oportun Financial will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Oportun Financial news, Director R Neil Williams bought 25,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of $3.87 per share, for a total transaction of $96,750.00. Following the completion of the purchase, the director now directly owns 140,338 shares of the company’s stock, valued at approximately $543,108.06. This trade represents a 21.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mohit Daswani bought 7,420 shares of the business’s stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $3.90 per share, with a total value of $28,938.00. Following the completion of the purchase, the director now directly owns 41,924 shares of the company’s stock, valued at approximately $163,503.60. The trade was a 21.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 41,264 shares of company stock valued at $159,826 over the last 90 days. 9.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oportun Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Oportun Financial during the third quarter worth $52,000. Telos Capital Management Inc. bought a new position in shares of Oportun Financial in the 4th quarter valued at $52,000. Barclays PLC lifted its stake in shares of Oportun Financial by 26.5% in the 4th quarter. Barclays PLC now owns 24,447 shares of the company’s stock valued at $96,000 after acquiring an additional 5,114 shares during the last quarter. Flaharty Asset Management LLC lifted its stake in shares of Oportun Financial by 11.1% in the 4th quarter. Flaharty Asset Management LLC now owns 50,000 shares of the company’s stock valued at $194,000 after acquiring an additional 5,000 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its stake in shares of Oportun Financial by 59.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company’s stock valued at $302,000 after acquiring an additional 40,000 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.