Oportun Financial (NASDAQ:OPRT) Coverage Initiated by Analysts at BTIG Research

BTIG Research assumed coverage on shares of Oportun Financial (NASDAQ:OPRT - Free Report) in a research report released on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $10.00 price objective on the stock.

Separately, JMP Securities reaffirmed a "market perform" rating on shares of Oportun Financial in a research report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oportun Financial presently has an average rating of "Moderate Buy" and a consensus price target of $6.40.

Oportun Financial Stock Up 4.4 %

Shares of OPRT stock traded up $0.28 during mid-day trading on Wednesday, hitting $6.64. 381,850 shares of the company's stock were exchanged, compared to its average volume of 285,942. Oportun Financial has a fifty-two week low of $2.05 and a fifty-two week high of $9.25. The stock has a 50-day simple moving average of $5.28 and a two-hundred day simple moving average of $3.86. The stock has a market cap of $239.93 million, a price-to-earnings ratio of -3.30 and a beta of 1.13.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. Oportun Financial had a positive return on equity of 5.49% and a negative net margin of 7.86%. As a group, analysts anticipate that Oportun Financial will post 0.94 earnings per share for the current fiscal year.

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Insider Buying and Selling at Oportun Financial

In other Oportun Financial news, insider Patrick Kirscht sold 8,403 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $3.80, for a total value of $31,931.40. Following the transaction, the insider now directly owns 333,360 shares of the company's stock, valued at $1,266,768. This trade represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director R Neil Williams acquired 25,000 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was bought at an average cost of $3.87 per share, for a total transaction of $96,750.00. Following the completion of the transaction, the director now directly owns 140,338 shares of the company's stock, valued at $543,108.06. This trade represents a 21.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC lifted its stake in shares of Oportun Financial by 1.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 237,728 shares of the company's stock worth $922,000 after acquiring an additional 3,008 shares in the last quarter. Flaharty Asset Management LLC lifted its stake in shares of Oportun Financial by 11.1% in the fourth quarter. Flaharty Asset Management LLC now owns 50,000 shares of the company's stock worth $194,000 after acquiring an additional 5,000 shares in the last quarter. Barclays PLC lifted its stake in shares of Oportun Financial by 26.5% in the fourth quarter. Barclays PLC now owns 24,447 shares of the company's stock worth $96,000 after acquiring an additional 5,114 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Oportun Financial by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 317,050 shares of the company's stock worth $1,230,000 after acquiring an additional 5,600 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Oportun Financial by 5.1% in the fourth quarter. Empowered Funds LLC now owns 116,228 shares of the company's stock worth $451,000 after acquiring an additional 5,608 shares in the last quarter. 82.70% of the stock is owned by hedge funds and other institutional investors.

About Oportun Financial

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.