Tower Research Capital LLC TRC Has $57,000 Position in Oportun Financial Co. (NASDAQ:OPRT)

Tower Research Capital LLC TRC grew its holdings in Oportun Financial Co. (NASDAQ:OPRT) by 7,197.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,594 shares of the company’s stock after acquiring an additional 14,394 shares during the period. Tower Research Capital LLC TRC’s holdings in Oportun Financial were worth $57,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OPRT. Public Employees Retirement System of Ohio acquired a new position in Oportun Financial during the third quarter worth $39,000. SG Americas Securities LLC bought a new position in shares of Oportun Financial in the 4th quarter valued at approximately $40,000. Dynamic Technology Lab Private Ltd acquired a new stake in Oportun Financial in the 4th quarter worth approximately $66,000. Corton Capital Inc. acquired a new position in Oportun Financial during the third quarter valued at approximately $107,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Oportun Financial in the third quarter valued at approximately $111,000. Institutional investors own 82.70% of the company’s stock.

Oportun Financial Stock Up 2.2 %

Oportun Financial stock traded up $0.07 during trading hours on Monday, hitting $3.22. The stock had a trading volume of 243,763 shares, compared to its average volume of 374,149. The company has a market cap of $111.28 million, a PE ratio of -0.64 and a beta of 1.26. Oportun Financial Co. has a fifty-two week low of $2.05 and a fifty-two week high of $7.73. The company has a 50-day moving average of $2.97 and a two-hundred day moving average of $3.52.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings results on Tuesday, March 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by ($0.06). Oportun Financial had a negative net margin of 17.02% and a negative return on equity of 31.58%. The business had revenue of $262.60 million during the quarter, compared to the consensus estimate of $261.64 million. As a group, analysts forecast that Oportun Financial Co. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OPRT shares. B. Riley lowered their target price on shares of Oportun Financial from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Jefferies Financial Group lowered Oportun Financial from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $9.00 to $3.50 in a research note on Thursday, March 14th. JMP Securities reaffirmed a “market perform” rating and issued a $6.50 target price on shares of Oportun Financial in a report on Friday, March 15th. Finally, Keefe, Bruyette & Woods cut their price target on Oportun Financial from $4.50 to $4.00 and set a “market perform” rating for the company in a report on Thursday, March 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Oportun Financial Company Profile

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.