Oportun Financial (NASDAQ:OPRT) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of Oportun Financial (NASDAQ:OPRT) from a strong-buy rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on OPRT. Stephens lifted their price objective on Oportun Financial from $7.00 to $8.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings raised Oportun Financial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 16th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Oportun Financial presently has an average rating of “Hold” and a consensus target price of $7.33.

Oportun Financial Stock Performance

Shares of OPRT stock opened at $8.28 on Friday. Oportun Financial has a 52-week low of $4.03 and a 52-week high of $8.66. The stock has a market cap of $380.80 million, a price-to-earnings ratio of 20.70 and a beta of 1.24. The firm has a fifty day moving average of $7.28 and a 200-day moving average of $5.98.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $233.23 million during 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 13.41%. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. On average, sell-side analysts predict that Oportun Financial will post 1.32 earnings per share for the current year.

Insider Buying and Selling at Oportun Financial

In related news, insider Kathleen Layton sold 4,223 shares of the stock in a transaction dated Thursday, September 10th. The shares were 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 in the company, valued at $2,277,646.80. This trade represents a 1.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 7,082 shares of company stock valued at $55,240. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oportun Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meros Investment Management LP bought a new position in shares of Oportun Financial in the second quarter valued at approximately $6,425,069. Dimensional Fund Advisors LP boosted its holdings in shares of Oportun Financial by 20.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,363,788 shares of the company’s stock worth $6,287,000 after acquiring an additional 234,723 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Oportun Financial during the 2nd quarter worth approximately $1,230,000. Empowered Funds LLC bought a new stake in Oportun Financial during the 2nd quarter worth approximately $1,162,000. Finally, Lazard Asset Management LLC acquired a new stake in Oportun Financial during the 1st quarter valued at $1,268,000. 82.70% of the stock is currently owned by institutional investors and hedge funds.

About Oportun Financial

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.