Oportun Financial Corporation (NASDAQ:OPRT) Stock Has Average Target Price of $7.33 According to Brokerages

Oportun Financial Corporation (NASDAQ:OPRT) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.33.

A number of research firms recently weighed in on OPRT. Wall Street Zen cut shares of Oportun Financial from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 26th. Stephens upped their price objective on Oportun Financial from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded Oportun Financial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 16th.

Insider Transactions at Oportun Financial

In other news, insider Kathleen Layton sold 4,223 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $7.80, for a total transaction of $32,939.40. Following the sale, the insider directly owned 292,006 shares of the company’s stock, valued at $2,277,646.80. This represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 7,082 shares of company stock valued at $55,240. Insiders own 1.60% of the company’s stock.

Institutional Trading of Oportun Financial

Large investors have recently made changes to their positions in the business. Clearstead Advisors LLC lifted its position in shares of Oportun Financial by 192.9% during the fourth quarter. Clearstead Advisors LLC now owns 5,574 shares of the company’s stock valued at $29,000 after buying an additional 3,671 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Oportun Financial in the 2nd quarter valued at about $33,000. The Manufacturers Life Insurance Company purchased a new position in shares of Oportun Financial in the 2nd quarter worth approximately $66,000. Abel Hall LLC purchased a new position in shares of Oportun Financial in the 1st quarter worth approximately $57,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Oportun Financial during the 2nd quarter worth approximately $74,000. 82.70% of the stock is currently owned by institutional investors.

Oportun Financial Stock Up 1.1%

Shares of OPRT stock opened at $8.23 on Friday. The company has a 50 day moving average price of $7.44 and a 200-day moving average price of $6.06. Oportun Financial has a 52 week low of $4.03 and a 52 week high of $8.66. The firm has a market capitalization of $378.50 million, a PE ratio of 20.58 and a beta of 1.25.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. The firm had revenue of $233.23 million for the quarter, compared to analysts’ expectations of $230.68 million. Oportun Financial had a return on equity of 13.41% and a net margin of 2.05%.Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. Analysts anticipate that Oportun Financial will post 1.32 earnings per share for the current year.

About Oportun Financial

Oportun Financial Corporation is a financial technology company that provides credit and other financial services to consumers who may have limited access to traditional banking products. The company focuses on using technology and data-driven underwriting to offer more accessible and affordable financial solutions.

Oportun’s products have included unsecured personal loans, credit cards and savings services. Its personal loans are designed to provide borrowers with installment financing for needs such as debt consolidation, home expenses and unexpected costs.