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

BTIG Research initiated coverage on shares of Oportun Financial (NASDAQ:OPRT) in a research note published on Wednesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $10.00 target price on the stock.

Separately, JMP Securities restated a “market perform” rating on shares of Oportun Financial in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Oportun Financial currently has an average rating of “Moderate Buy” and an average target price of $6.40.

Oportun Financial Stock Up 4.0 %

Shares of Oportun Financial stock opened at $6.75 on Wednesday. The company has a market capitalization of $243.90 million, a price-to-earnings ratio of -3.36 and a beta of 1.13. Oportun Financial has a 12-month low of $2.05 and a 12-month high of $9.25. The firm’s 50-day moving average price is $5.19 and its two-hundred day moving average price is $3.82.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, sell-side analysts expect that Oportun Financial will post 0.94 earnings per share for the current year.

Insider Activity at Oportun Financial

In other Oportun Financial news, Director R Neil Williams acquired 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $3.87 per share, for a total transaction of $96,750.00. Following the acquisition, the director now directly owns 140,338 shares in the company, valued at $543,108.06. This represents a 21.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mohit Daswani acquired 7,420 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $3.90 per share, with a total value of $28,938.00. Following the acquisition, the director now owns 41,924 shares in the company, valued at $163,503.60. The trade was a 21.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new position in Oportun Financial in the 4th quarter valued at approximately $79,000. Two Sigma Investments LP raised its holdings in Oportun Financial by 10.7% during the 4th quarter. Two Sigma Investments LP now owns 312,561 shares of the company’s stock worth $1,213,000 after purchasing an additional 30,201 shares during the last quarter. Two Sigma Advisers LP raised its holdings in Oportun Financial by 11.7% during the 4th quarter. Two Sigma Advisers LP now owns 508,500 shares of the company’s stock worth $1,973,000 after purchasing an additional 53,400 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in Oportun Financial during the 4th quarter worth approximately $121,000. Finally, Millennium Management LLC raised its holdings in Oportun Financial by 7.4% during the 4th quarter. Millennium Management LLC now owns 1,502,970 shares of the company’s stock worth $5,832,000 after purchasing an additional 104,186 shares during the last quarter. 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.