Oportun Financial (NASDAQ:OPRT) Price Target Cut to $5.50 by Analysts at JPMorgan Chase & Co.

Oportun Financial (NASDAQ:OPRT) had its price objective reduced by JPMorgan Chase & Co. from $6.00 to $5.50 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 4.46% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Zacks Research lowered shares of Oportun Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen lowered shares of Oportun Financial from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 9th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.50.

Oportun Financial Stock Down 0.5%

OPRT traded down $0.03 during midday trading on Thursday, hitting $5.27. 98,031 shares of the company were exchanged, compared to its average volume of 543,352. The firm’s 50 day moving average price is $5.29 and its 200-day moving average price is $6.12. Oportun Financial has a 1-year low of $3.45 and a 1-year high of $9.24. The firm has a market capitalization of $232.34 million, a P/E ratio of 7.95 and a beta of 1.24.

Oportun Financial (NASDAQ:OPRT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.13. Oportun Financial had a return on equity of 17.61% and a net margin of 3.19%.The company had revenue of $238.69 million during the quarter, compared to the consensus estimate of $238.52 million. On average, sell-side analysts predict that Oportun Financial will post 0.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Kathleen I. Layton sold 4,214 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $6.64, for a total transaction of $27,980.96. Following the transaction, the insider directly owned 159,184 shares of the company’s stock, valued at approximately $1,056,981.76. This represents a 2.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Oportun Financial

A number of institutional investors have recently modified their holdings of the company. Jump Financial LLC bought a new stake in Oportun Financial during the 1st quarter valued at $395,000. Informed Momentum Co LLC acquired a new position in shares of Oportun Financial during the first quarter valued at about $820,000. XTX Topco Ltd bought a new stake in shares of Oportun Financial during the first quarter worth about $374,000. Acadian Asset Management LLC raised its holdings in shares of Oportun Financial by 18.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,055,274 shares of the company’s stock worth $5,790,000 after acquiring an additional 167,564 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in Oportun Financial by 164.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 140,199 shares of the company’s stock valued at $770,000 after acquiring an additional 87,119 shares in the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

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.