State of Wyoming Makes New Investment in Oportun Financial Corporation $OPRT

State of Wyoming purchased a new position in Oportun Financial Corporation (NASDAQ:OPRT) in the second quarter, HoldingsChannel reports. The firm purchased 109,375 shares of the company’s stock, valued at approximately $783,000.

Several other institutional investors and hedge funds have also recently modified their holdings of OPRT. Jump Financial LLC bought a new position in shares of Oportun Financial in the first quarter worth about $395,000. Acadian Asset Management LLC lifted its holdings in Oportun Financial by 1.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,069,116 shares of the company’s stock worth $7,652,000 after purchasing an additional 13,842 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in Oportun Financial by 164.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 140,199 shares of the company’s stock worth $770,000 after purchasing an additional 87,119 shares during the period. Walleye Capital LLC boosted its stake in Oportun Financial by 374.2% in the 1st quarter. Walleye Capital LLC now owns 294,039 shares of the company’s stock worth $1,614,000 after purchasing an additional 232,035 shares during the period. Finally, OMERS ADMINISTRATION Corp grew its holdings in Oportun Financial by 149.2% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 77,500 shares of the company’s stock valued at $425,000 after buying an additional 46,400 shares in the last quarter. 82.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OPRT. JPMorgan Chase & Co. lowered their target price on shares of Oportun Financial from $6.00 to $5.50 and set an “underweight” rating on the stock in a report on Thursday, December 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Oportun Financial in a research note on Monday, December 8th. Wall Street Zen lowered Oportun Financial from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 9th. Finally, Zacks Research cut Oportun Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.50.

Oportun Financial Stock Down 2.1%

Oportun Financial stock opened at $5.57 on Monday. Oportun Financial Corporation has a 52-week low of $3.45 and a 52-week high of $9.24. The company has a market cap of $245.80 million, a price-to-earnings ratio of 8.44 and a beta of 1.24. The firm’s fifty day moving average is $5.20 and its 200 day moving average is $6.07.

Oportun Financial (NASDAQ:OPRT) last posted its earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.13. Oportun Financial had a net margin of 3.19% and a return on equity of 17.61%. The firm had revenue of $238.69 million for the quarter, compared to the consensus estimate of $238.52 million. On average, equities research analysts anticipate that Oportun Financial Corporation will post 0.94 earnings per share for the current fiscal year.

About Oportun Financial

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.