Oportun Financial (NASDAQ:OPRT) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Oportun Financial (NASDAQ:OPRT) from a strong-buy rating to a buy rating in a research note published on Sunday.

A number of other brokerages also recently issued reports on OPRT. JPMorgan Chase & Co. cut their price target on shares of Oportun Financial from $6.00 to $5.50 and set an “underweight” rating for the company in a report on Thursday, December 4th. Zacks Research lowered Oportun Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Oportun Financial has an average rating of “Hold” and a consensus price target of $8.50.

Oportun Financial Stock Down 4.3%

Shares of OPRT opened at $5.06 on Friday. Oportun Financial has a 52-week low of $3.45 and a 52-week high of $9.24. The stock has a fifty day simple moving average of $5.18 and a two-hundred day simple moving average of $5.92. The company has a market capitalization of $223.30 million, a PE ratio of 7.67 and a beta of 1.21.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.13. Oportun Financial had a net margin of 3.19% and a return on equity of 17.61%. The firm had revenue of $238.69 million for the quarter, compared to analysts’ expectations of $238.52 million. As a group, equities analysts anticipate that Oportun Financial will post 0.94 earnings per share for the current fiscal year.

Institutional Trading of Oportun Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Oportun Financial during the second quarter worth $55,000. Virtu Financial LLC acquired a new position in Oportun Financial during the 3rd quarter worth about $64,000. Corsair Capital Management L.P. purchased a new position in Oportun Financial during the 2nd quarter valued at about $72,000. PharVision Advisers LLC purchased a new position in Oportun Financial during the 3rd quarter valued at about $77,000. Finally, Flaharty Asset Management LLC acquired a new position in Oportun Financial in the 3rd quarter valued at about $80,000. Hedge funds and other institutional investors 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.