Oportun Financial (NASDAQ:OPRT) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Oportun Financial (NASDAQ:OPRT) from a buy rating to a strong-buy rating in a research report sent to investors on Monday morning.

A number of other equities research analysts have also weighed in on OPRT. Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday, December 29th. JPMorgan Chase & Co. cut their price target on Oportun Financial from $6.00 to $5.50 and set an “underweight” rating on the stock in a research note on Thursday, December 4th. Finally, Zacks Research downgraded Oportun Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Oportun Financial currently has an average rating of “Hold” and a consensus price target of $8.50.

Oportun Financial Trading Down 1.0%

Shares of Oportun Financial stock opened at $5.21 on Monday. The firm has a market capitalization of $229.92 million, a PE ratio of 7.89 and a beta of 1.21. The firm’s 50 day moving average is $5.17 and its 200 day moving average is $5.85. Oportun Financial has a 1 year low of $3.53 and a 1 year high of $9.24.

Oportun Financial (NASDAQ:OPRT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.26 by $0.13. The business had revenue of $238.69 million during the quarter, compared to the consensus estimate of $238.52 million. Oportun Financial had a net margin of 3.19% and a return on equity of 17.61%. As a group, research analysts anticipate that Oportun Financial will post 0.94 earnings per share for the current year.

Hedge Funds Weigh In On Oportun Financial

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Oportun Financial by 30.4% in the third quarter. Vanguard Group Inc. now owns 2,106,640 shares of the company’s stock valued at $12,998,000 after acquiring an additional 490,608 shares during the last quarter. Millennium Management LLC lifted its position in shares of Oportun Financial by 28.9% in the 1st quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock worth $10,633,000 after purchasing an additional 433,827 shares during the period. Cannell Capital LLC boosted its stake in shares of Oportun Financial by 7,067.0% in the 2nd quarter. Cannell Capital LLC now owns 1,601,244 shares of the company’s stock valued at $11,465,000 after purchasing an additional 1,578,902 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Oportun Financial by 1.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,069,116 shares of the company’s stock valued at $7,652,000 after purchasing an additional 13,842 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Oportun Financial by 17.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,012,114 shares of the company’s stock worth $6,245,000 after buying an additional 147,319 shares during the period. 82.70% of the stock is currently owned by institutional investors.

About Oportun Financial

Oportun Financial Corporation (NASDAQ: OPRT) is a financial technology company that provides consumer lending products aimed at serving the underbanked and credit-invisible population in the United States. Headquartered in Redwood City, California, Oportun operates a digital platform that enables borrowers to access credit through unsecured personal installment loans, secured credit-builder loans and a proprietary mobile wallet. The company leverages machine learning and alternative data sources to assess creditworthiness, extending financial services to customers with limited or no traditional credit history.

The company’s core offerings include fixed-term installment loans designed to help individuals cover unexpected expenses, consolidate debt or build credit.