Oportun Financial (NASDAQ:OPRT – Free Report) had its target price reduced by Keefe, Bruyette & Woods from $4.50 to $4.00 in a report released on Thursday, Benzinga reports. They currently have a market perform rating on the stock.
OPRT has been the subject of a number of other research reports. JMP Securities reaffirmed a market perform rating and issued a $6.50 price objective on shares of Oportun Financial in a research report on Friday. Jefferies Financial Group downgraded Oportun Financial from a buy rating to a hold rating and lowered their price target for the company from $9.00 to $3.50 in a research report on Thursday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Oportun Financial currently has an average rating of Hold and an average target price of $6.57.
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Oportun Financial Price Performance
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in Oportun Financial by 1.9% during the third quarter. BlackRock Inc. now owns 2,799,120 shares of the company’s stock valued at $12,232,000 after buying an additional 52,518 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Oportun Financial by 1.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,156,990 shares of the company’s stock valued at $12,877,000 after buying an additional 33,559 shares in the last quarter. Findell Capital Management LLC acquired a new stake in Oportun Financial during the fourth quarter valued at approximately $7,820,000. Vanguard Group Inc. raised its stake in Oportun Financial by 14.5% during the third quarter. Vanguard Group Inc. now owns 1,441,116 shares of the company’s stock valued at $6,298,000 after buying an additional 182,620 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in Oportun Financial by 6.6% during the first quarter. Clearbridge Investments LLC now owns 663,619 shares of the company’s stock valued at $9,530,000 after buying an additional 40,911 shares in the last quarter. Institutional investors and hedge funds own 73.74% of the company’s stock.
Oportun Financial Company Profile
Oportun Financial Corporation provides financial services. It offers personal loans and credit cards. The company serves customers through online and over-the-phone, as well as through retail and Lending as a Service partner locations. Oportun Financial Corporation was founded in 2005 and is headquartered in San Carlos, California.
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