Oportun Financial (NASDAQ:OPRT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Oportun Financial (NASDAQ:OPRT) from a hold rating to a strong-buy rating in a research note published on Saturday morning.

OPRT has been the subject of several other reports. Stephens lifted their price objective on shares of Oportun Financial from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of Oportun Financial in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.33.

Oportun Financial Price Performance

NASDAQ:OPRT opened at $7.74 on Friday. The firm has a market capitalization of $355.96 million, a price-to-earnings ratio of 19.35 and a beta of 1.22. Oportun Financial has a 1 year low of $4.03 and a 1 year high of $8.30. The business has a 50 day simple moving average of $5.67 and a 200-day simple moving average of $5.38.

Oportun Financial (NASDAQ:OPRT) last announced its earnings results on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The firm had revenue of $233.23 million during the quarter, compared to analysts’ expectations of $230.68 million. Oportun Financial had a return on equity of 13.55% and a net margin of 2.05%.Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. As a group, analysts expect that Oportun Financial will post 1.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OPRT. BlackRock Inc. bought a new stake in shares of Oportun Financial during the 2nd quarter worth approximately $19,244,000. Cannell Capital LLC grew its position in Oportun Financial by 7,067.0% in the 2nd quarter. Cannell Capital LLC now owns 1,601,244 shares of the company’s stock valued at $11,465,000 after acquiring an additional 1,578,902 shares during the last quarter. Simcoe Capital LLC bought a new position in Oportun Financial in the 4th quarter valued at $4,208,000. Millennium Management LLC increased its stake in Oportun Financial by 54.1% in the fourth quarter. Millennium Management LLC now owns 1,899,552 shares of the company’s stock worth $10,049,000 after purchasing an additional 667,271 shares during the period. Finally, Vanguard Group Inc. increased its stake in Oportun Financial by 30.4% in the third quarter. Vanguard Group Inc. now owns 2,106,640 shares of the company’s stock worth $12,998,000 after purchasing an additional 490,608 shares during the period. 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.