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

Shares of Oportun Financial Corporation (NASDAQ:OPRT) have been assigned an average rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $7.33.

A number of brokerages recently issued reports on OPRT. Weiss Ratings upgraded shares of Oportun Financial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 16th. Stephens boosted their price target on Oportun Financial from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded Oportun Financial from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th.

Oportun Financial Trading Down 2.1%

Shares of Oportun Financial stock opened at $8.30 on Friday. Oportun Financial has a 1 year low of $4.03 and a 1 year high of $8.55. The company has a market cap of $381.72 million, a P/E ratio of 20.75 and a beta of 1.24. The stock has a 50-day moving average price of $7.18 and a 200 day moving average price of $5.93.

Oportun Financial (NASDAQ:OPRT) last released its 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 company 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, equities analysts forecast that Oportun Financial will post 1.32 earnings per share for the current fiscal year.

Insider Transactions at Oportun Financial

In other Oportun Financial 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 completion of the sale, the insider owned 292,006 shares of the company’s stock, valued at $2,277,646.80. This represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 7,082 shares of company stock worth $55,240 over the last three months. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Oportun Financial during the second quarter valued at $19,244,000. Meros Investment Management LP acquired a new position in Oportun Financial during the 2nd quarter valued at about $6,425,069. Lazard Asset Management LLC bought a new stake in shares of Oportun Financial during the 1st quarter valued at $1,268,000. Dimensional Fund Advisors LP increased its stake in Oportun Financial by 20.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,363,788 shares of the company’s stock valued at $6,287,000 after purchasing an additional 234,723 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Oportun Financial during the second quarter worth about $1,230,000. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Oportun Financial Company Profile

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.