Oportun Financial Corporation (NASDAQ:OPRT) Given Average Recommendation of “Hold” by Brokerages

Oportun Financial Corporation (NASDAQ:OPRT) has been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $8.50.

A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of Oportun Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Oportun Financial in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. upgraded Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 price objective for the company in a report on Monday, January 12th.

Oportun Financial Trading Up 0.8%

Shares of Oportun Financial stock opened at $4.96 on Tuesday. The company has a market cap of $218.88 million, a PE ratio of 7.52 and a beta of 1.18. The company has a 50 day moving average of $5.36 and a 200-day moving average of $5.61. Oportun Financial has a 1-year low of $4.05 and a 1-year high of $9.24.

Institutional Trading of Oportun Financial

Large investors have recently modified their holdings of the stock. Squarepoint Ops LLC increased its position in Oportun Financial by 195.5% in the 4th quarter. Squarepoint Ops LLC now owns 155,324 shares of the company’s stock valued at $822,000 after buying an additional 102,769 shares in the last quarter. Barclays PLC increased its holdings in shares of Oportun Financial by 56.2% during the fourth quarter. Barclays PLC now owns 149,925 shares of the company’s stock valued at $793,000 after acquiring an additional 53,954 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Oportun Financial by 236.4% during the fourth quarter. Segall Bryant & Hamill LLC now owns 651,582 shares of the company’s stock worth $3,447,000 after purchasing an additional 457,895 shares during the period. State Street Corp lifted its holdings in shares of Oportun Financial by 3.4% in the 4th quarter. State Street Corp now owns 743,465 shares of the company’s stock worth $3,933,000 after purchasing an additional 24,192 shares in the last quarter. Finally, Boston Partners grew its position in Oportun Financial by 12.4% in the 4th quarter. Boston Partners now owns 597,328 shares of the company’s stock valued at $3,160,000 after purchasing an additional 65,961 shares during the period. Institutional investors and hedge funds own 82.70% of the company’s stock.

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.