JPMorgan Chase & Co. Has Lowered Expectations for Oportun Financial (NASDAQ:OPRT) Stock Price

Oportun Financial (NASDAQ:OPRT - Get Free Report) had its price objective lowered by stock analysts at JPMorgan Chase & Co. from $6.50 to $5.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 18.48% from the stock's current price.

A number of other brokerages have also recently issued reports on OPRT. JMP Securities reaffirmed a "market perform" rating on shares of Oportun Financial in a report on Friday, February 14th. BTIG Research started coverage on Oportun Financial in a report on Wednesday, March 5th. They set a "buy" rating and a $10.00 price objective for the company. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Oportun Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.67.

Oportun Financial Price Performance

NASDAQ OPRT traded down $0.21 on Tuesday, hitting $4.22. 530,562 shares of the company's stock were exchanged, compared to its average volume of 317,775. The firm's 50-day moving average price is $6.03 and its two-hundred day moving average price is $4.33. The firm has a market cap of $152.49 million, a price-to-earnings ratio of -2.10 and a beta of 0.86. Oportun Financial has a fifty-two week low of $2.05 and a fifty-two week high of $9.25.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.44 earnings per share (EPS) 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%. On average, research analysts predict that Oportun Financial will post 0.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oportun Financial

A number of institutional investors and hedge funds have recently bought and sold shares of OPRT. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Oportun Financial by 747.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,300 shares of the company's stock worth $610,000 after acquiring an additional 138,735 shares during the last quarter. Acuitas Investments LLC increased its position in Oportun Financial by 11.9% during the 4th quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company's stock worth $4,463,000 after purchasing an additional 122,360 shares in the last quarter. Millennium Management LLC raised its stake in Oportun Financial by 7.4% in the 4th quarter. Millennium Management LLC now owns 1,502,970 shares of the company's stock valued at $5,832,000 after purchasing an additional 104,186 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new position in Oportun Financial in the 4th quarter valued at about $319,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Oportun Financial by 22.5% during the 4th quarter. Renaissance Technologies LLC now owns 424,600 shares of the company's stock worth $1,647,000 after purchasing an additional 77,907 shares during the last quarter. Hedge funds and other institutional investors own 82.70% of the company's stock.

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.