Oportun Financial (NASDAQ:OPRT) Raised to “Strong-Buy” at Wall Street Zen

Oportun Financial (NASDAQ:OPRT) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

OPRT has been the subject of several other reports. Jefferies Financial Group upped their price target on Oportun Financial from $6.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, October 7th. Stephens lifted their price objective on Oportun Financial from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded Oportun Financial from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Oportun Financial presently has an average rating of “Hold” and an average target price of $7.75.

Oportun Financial Stock Performance

OPRT stock opened at $9.19 on Friday. Oportun Financial has a 1 year low of $4.03 and a 1 year high of $9.45. The stock’s 50 day moving average price is $8.16 and its 200 day moving average price is $6.55. The firm has a market cap of $422.65 million, a P/E ratio of 22.98 and a beta of 1.25.

Oportun Financial (NASDAQ:OPRT) last announced its earnings results on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates 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. On average, research analysts predict that Oportun Financial will post 1.28 earnings per share for the current year.

Insider Activity at Oportun Financial

In other news, insider Kathleen Layton sold 4,223 shares of the 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 completion of the transaction, the insider directly owned 292,006 shares in the company, valued at approximately $2,277,646.80. This represents a 1.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 7,082 shares of company stock worth $55,240. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Oportun Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in OPRT. Pinnacle Holdings LLC acquired a new stake in Oportun Financial in the second quarter valued at $33,000. Abel Hall LLC bought a new position in Oportun Financial during the 1st quarter valued at $57,000. The Manufacturers Life Insurance Company acquired a new position in Oportun Financial during the 2nd quarter worth $66,000. Canada Pension Plan Investment Board acquired a new position in Oportun Financial during the 2nd quarter worth $74,000. Finally, State of Wyoming acquired a new position in Oportun Financial during the 2nd quarter worth $76,000. Institutional investors own 82.70% of the company’s stock.

About Oportun Financial

Oportun Financial Corp. is a financial technology company that provides credit products and related financial services to consumers in the United States, with a particular focus on serving Hispanic and other traditionally underserved communities. The company uses data-driven underwriting and digital tools to offer customers access to credit, including borrowers who may have limited credit histories.

Oportun’s primary products have included unsecured personal loans and credit cards. Through its digital platform and customer service channels, the company has also provided tools intended to help consumers manage borrowing, make payments and build or strengthen their credit profiles.

Founded in 2005 as Progreso Financiero, the company adopted the Oportun name in 2015 and became a publicly traded company in 2019.