Oportun Financial (NASDAQ:OPRT) Rating Lowered to “Buy” at Wall Street Zen

Oportun Financial (NASDAQ:OPRT) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

Other analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oportun Financial in a research note on Monday, December 29th. JPMorgan Chase & Co. upgraded shares of Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 price objective for the company in a research report on Monday, January 12th. Finally, Zacks Research lowered shares of Oportun Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.50.

Oportun Financial Stock Down 0.2%

Oportun Financial stock opened at $4.84 on Tuesday. The company has a fifty day simple moving average of $5.18 and a 200-day simple moving average of $5.76. The firm has a market capitalization of $213.59 million, a price-to-earnings ratio of 7.33 and a beta of 1.21. Oportun Financial has a 52-week low of $3.67 and a 52-week high of $9.24.

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

Institutional Trading of Oportun Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Oportun Financial during the second quarter worth $55,000. Corsair Capital Management L.P. acquired a new position in Oportun Financial during the 2nd quarter worth about $72,000. Virtu Financial LLC purchased a new stake in Oportun Financial during the third quarter worth about $64,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Oportun Financial during the second quarter worth about $85,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Oportun Financial during the third quarter worth about $77,000. Hedge funds and other institutional investors own 82.70% of the company’s stock.

About Oportun Financial

Oportun Financial Corporation (NASDAQ: OPRT) is a financial technology company that provides consumer lending products aimed at serving the underbanked and credit-invisible population in the United States. Headquartered in Redwood City, California, Oportun operates a digital platform that enables borrowers to access credit through unsecured personal installment loans, secured credit-builder loans and a proprietary mobile wallet. The company leverages machine learning and alternative data sources to assess creditworthiness, extending financial services to customers with limited or no traditional credit history.

The company’s core offerings include fixed-term installment loans designed to help individuals cover unexpected expenses, consolidate debt or build credit.