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

Oportun Financial (NASDAQ:OPRT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a research note issued on Saturday.

A number of other research analysts also recently commented on OPRT. Stephens boosted their target price on Oportun Financial from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Oportun Financial in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.33.

Oportun Financial Stock Performance

Shares of NASDAQ OPRT opened at $8.09 on Friday. The firm has a market capitalization of $372.06 million, a PE ratio of 20.23 and a beta of 1.22. The business has a 50-day moving average price of $5.62 and a two-hundred day moving average price of $5.36. Oportun Financial has a one year low of $4.03 and a one year high of $8.30.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings data 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 the consensus estimate of $230.68 million. Oportun Financial had a net margin of 2.05% and a return on equity of 13.55%. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. Research analysts anticipate that Oportun Financial will post 1.24 EPS for the current year.

Hedge Funds Weigh In On Oportun Financial

Several hedge funds have recently bought and sold shares of OPRT. Rhumbline Advisers lifted its position in Oportun Financial by 5.8% during the 3rd quarter. Rhumbline Advisers now owns 51,467 shares of the company’s stock worth $318,000 after acquiring an additional 2,817 shares during the last quarter. Flaharty Asset Management LLC increased its stake in shares of Oportun Financial by 23.1% in the fourth quarter. Flaharty Asset Management LLC now owns 16,000 shares of the company’s stock worth $85,000 after purchasing an additional 3,000 shares during the period. Clearstead Advisors LLC increased its stake in shares of Oportun Financial by 192.9% in the fourth quarter. Clearstead Advisors LLC now owns 5,574 shares of the company’s stock worth $29,000 after purchasing an additional 3,671 shares during the period. Kemnay Advisory Services Inc. acquired a new position in shares of Oportun Financial during the 4th quarter worth about $28,000. Finally, Mackenzie Financial Corp lifted its position in shares of Oportun Financial by 11.7% during the 3rd quarter. Mackenzie Financial Corp now owns 56,477 shares of the company’s stock worth $348,000 after purchasing an additional 5,908 shares during the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

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.