Oportun Financial (NASDAQ:OPRT) Earns Buy Rating from BTIG Research

Oportun Financial (NASDAQ:OPRT)‘s stock had its “buy” rating reiterated by investment analysts at BTIG Research in a report issued on Friday,Benzinga reports. They currently have a $9.00 target price on the stock. BTIG Research’s target price suggests a potential upside of 64.84% from the company’s current price.

A number of other brokerages also recently commented on OPRT. 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 research note on Monday, January 12th. Wall Street Zen downgraded shares of Oportun Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oportun Financial in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.17.

Oportun Financial Stock Down 0.9%

Shares of NASDAQ OPRT opened at $5.46 on Friday. The firm’s 50-day moving average price is $5.30 and its two-hundred day moving average price is $5.57. Oportun Financial has a 52-week low of $4.05 and a 52-week high of $7.97. The stock has a market capitalization of $240.95 million, a P/E ratio of 8.27 and a beta of 1.18.

Hedge Funds Weigh In On Oportun Financial

Several large investors have recently bought and sold shares of OPRT. Kemnay Advisory Services Inc. bought a new stake in shares of Oportun Financial during the 4th quarter worth about $28,000. Clearstead Advisors LLC increased its stake in shares of Oportun Financial by 192.9% during the fourth quarter. Clearstead Advisors LLC now owns 5,574 shares of the company’s stock valued at $29,000 after acquiring an additional 3,671 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new stake in Oportun Financial during the second quarter worth approximately $55,000. State of Alaska Department of Revenue bought a new stake in Oportun Financial during the fourth quarter worth approximately $58,000. Finally, Virtu Financial LLC acquired a new stake in Oportun Financial in the third quarter worth approximately $64,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

Oportun Financial Company Profile

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.