Oportun Financial Co. (NASDAQ:OPRT) Receives $6.40 Consensus Target Price from Analysts

Oportun Financial Co. (NASDAQ:OPRT - Get Free Report) has received an average rating of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $6.40.

Several research firms have recently issued reports on OPRT. BTIG Research began coverage on shares of Oportun Financial in a report on Wednesday. They issued a "buy" rating and a $10.00 target price for the company. JMP Securities restated a "market perform" rating on shares of Oportun Financial in a report on Friday, February 14th.

Oportun Financial Stock Performance

OPRT stock traded up $0.28 during trading on Wednesday, hitting $6.64. 381,850 shares of the company's stock traded hands, compared to its average volume of 285,942. Oportun Financial has a 52 week low of $2.05 and a 52 week high of $9.25. The business has a fifty day simple moving average of $5.28 and a 200 day simple moving average of $3.86. The stock has a market capitalization 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 released its quarterly earnings data on Wednesday, February 12th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.12 by $0.32. Oportun Financial had a negative net margin of 7.86% and a positive return on equity of 5.49%. Research analysts forecast that Oportun Financial will post 0.94 earnings per share for the current fiscal year.

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Insider Buying and Selling

In related news, Director Mohit Daswani purchased 7,420 shares of Oportun Financial stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $3.90 per share, with a total value of $28,938.00. Following the purchase, the director now directly owns 41,924 shares of the company's stock, valued at approximately $163,503.60. This represents a 21.50 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $31,931.40. Following the completion of the transaction, the insider now directly owns 333,360 shares in the company, valued at $1,266,768. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OPRT. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Oportun Financial during the 3rd quarter valued at about $52,000. Telos Capital Management Inc. purchased a new position in Oportun Financial during the 4th quarter valued at about $52,000. Squarepoint Ops LLC purchased a new position in Oportun Financial during the 4th quarter valued at about $79,000. Balyasny Asset Management L.P. purchased a new position in Oportun Financial during the 4th quarter valued at about $80,000. Finally, Barclays PLC increased its position in Oportun Financial by 26.5% during the 4th quarter. Barclays PLC now owns 24,447 shares of the company's stock valued at $96,000 after purchasing an additional 5,114 shares during the period. Hedge funds and other institutional investors own 82.70% of the company's stock.

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.