Oportun Financial Co. (NASDAQ:OPRT) Short Interest Update

Oportun Financial Co. (NASDAQ:OPRT) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 207,400 shares, a growth of 39.5% from the March 31st total of 148,700 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 590,500 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

OPRT has been the topic of a number of recent analyst reports. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a research report on Friday, February 14th. BTIG Research started coverage on shares of Oportun Financial in a report on Wednesday, March 5th. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their target price 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.

Oportun Financial Trading Up 4.1 %

NASDAQ:OPRT opened at $5.33 on Friday. The stock has a 50 day simple moving average of $5.42 and a 200 day simple moving average of $4.54. Oportun Financial has a 1-year low of $2.37 and a 1-year high of $9.25. The stock has a market cap of $192.59 million, a P/E ratio of -2.65 and a beta of 0.86.

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

Institutional Investors Weigh In On Oportun Financial

Several institutional investors have recently made changes to their positions in OPRT. Telos Capital Management Inc. bought a new stake in shares of Oportun Financial during the 4th quarter valued at $52,000. Squarepoint Ops LLC acquired a new stake in Oportun Financial during the fourth quarter worth about $79,000. Balyasny Asset Management L.P. acquired a new stake in Oportun Financial during the fourth quarter worth about $80,000. Barclays PLC increased its holdings in 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 buying an additional 5,114 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Oportun Financial in the 4th quarter valued at approximately $121,000. 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.