Analysts Set Oportun Financial Co. (NASDAQ:OPRT) Price Target at $5.70

Shares of Oportun Financial Co. (NASDAQ:OPRT - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $5.70.

A number of brokerages recently commented on OPRT. Singular Research raised shares of Oportun Financial to a "strong-buy" rating in a report on Friday, September 20th. JMP Securities reaffirmed a "market perform" rating on shares of Oportun Financial in a report on Monday, August 12th.

Institutional Trading of Oportun Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPRT. Acuitas Investments LLC purchased a new stake in Oportun Financial in the 2nd quarter worth about $1,577,000. Millennium Management LLC raised its position in Oportun Financial by 26.4% in the 2nd quarter. Millennium Management LLC now owns 1,507,012 shares of the company's stock worth $4,370,000 after purchasing an additional 314,553 shares during the period. Long Focus Capital Management LLC raised its position in Oportun Financial by 6.0% in the 2nd quarter. Long Focus Capital Management LLC now owns 1,740,777 shares of the company's stock worth $5,048,000 after purchasing an additional 99,197 shares during the period. Marshall Wace LLP raised its position in Oportun Financial by 53.3% in the 2nd quarter. Marshall Wace LLP now owns 274,969 shares of the company's stock worth $797,000 after purchasing an additional 95,637 shares during the period. Finally, Acadian Asset Management LLC raised its position in Oportun Financial by 11.2% in the 1st quarter. Acadian Asset Management LLC now owns 813,254 shares of the company's stock worth $1,975,000 after purchasing an additional 82,146 shares during the period. 82.70% of the stock is owned by hedge funds and other institutional investors.

Oportun Financial Stock Performance

Shares of OPRT traded up $0.09 during midday trading on Friday, hitting $2.65. 54,585 shares of the company traded hands, compared to its average volume of 97,525. The firm has a 50 day moving average of $2.80 and a 200-day moving average of $2.94. Oportun Financial has a 52 week low of $2.05 and a 52 week high of $6.36. The stock has a market cap of $94.66 million, a price-to-earnings ratio of -0.85 and a beta of 1.10.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.28. Oportun Financial had a negative net margin of 11.66% and a negative return on equity of 11.04%. The business had revenue of $250.40 million during the quarter, compared to the consensus estimate of $246.12 million. Sell-side analysts predict that Oportun Financial will post 0.12 earnings per share for the current fiscal year.

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.