Oportun Financial Co. (NASDAQ:OPRT) Receives $6.00 Consensus Target Price from Analysts

Oportun Financial Co. (NASDAQ:OPRT) has received an average recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $6.00.

A number of brokerages recently weighed in on OPRT. JMP Securities reiterated a “market perform” rating on shares of Oportun Financial in a report on Monday, May 13th. B. Riley lowered their price target on shares of Oportun Financial from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Citigroup Inc. grew its holdings in shares of Oportun Financial by 21,717.1% during the third quarter. Citigroup Inc. now owns 89,450 shares of the company’s stock valued at $646,000 after buying an additional 89,040 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Oportun Financial in the third quarter valued at about $39,000. SG Americas Securities LLC purchased a new position in shares of Oportun Financial in the fourth quarter worth about $40,000. Cerity Partners LLC lifted its holdings in shares of Oportun Financial by 291.0% during the fourth quarter. Cerity Partners LLC now owns 94,872 shares of the company’s stock worth $371,000 after purchasing an additional 70,608 shares during the period. Finally, Federated Hermes Inc. boosted its position in Oportun Financial by 61.0% in the fourth quarter. Federated Hermes Inc. now owns 80,800 shares of the company’s stock valued at $316,000 after buying an additional 30,611 shares during the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.

Oportun Financial Trading Down 0.6 %

Shares of NASDAQ:OPRT opened at $3.20 on Wednesday. Oportun Financial has a 12 month low of $2.05 and a 12 month high of $7.73. The firm’s 50-day moving average is $3.06 and its 200 day moving average is $3.25.

Oportun Financial (NASDAQ:OPRT) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.13. Oportun Financial had a negative return on equity of 11.07% and a negative net margin of 9.94%. The firm had revenue of $250.50 million for the quarter, compared to the consensus estimate of $249.90 million. During the same period in the prior year, the business posted ($2.70) earnings per share. Sell-side analysts anticipate that Oportun Financial will post -0.09 earnings per share for the current year.

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.