Opportunity Financial (NASDAQ: OPRT – Get a rating)‘s stock had its “buy” rating restated by research analysts BTIG Research in a report on Thursday, TipRanks reports. They currently have a target price of $27.00 on the stock. BTIG Research’s target price indicates a potential upside of 100.00% from the company’s current price.
Several other equity research analysts have also recently weighed in on the stock. Loop Capital launched a hedge on the shares of Oportun Financial in a research report on Monday, March 14. They set a “buy” rating and a price target of $24.00 for the company. JPMorgan Chase & Co. upgraded shares of Oportun Financial from a ‘neutral’ rating to an ‘overweight’ rating and cut its price target for the company from $27.00 to $23.00 in a report research on Wednesday, January 19. Barclays cut its price target on Oportun Financial shares from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday January 10. To finish, Zacks Investment Research cut shares of Oportun Financial from a “buy” rating to a “sell” rating in a Wednesday, March 2, report. One financial analyst gave the stock a sell rating and five gave the stock a buy rating. According to data from MarketBeat.com, Oportun Financial has a consensus rating of “Buy” and an average target price of $25.50.
Shares of NASDAQ OPRT opened at $13.50 on Thursday. Oportun Financial has a fifty-two week low of $12.65 and a fifty-two week high of $27.95. The company has a 50-day simple moving average of $14.90 and a two-hundred-day simple moving average of $19.60. The company has a market cap of $432.27 million, a price-earnings ratio of 8.71, and a beta of 1.28.
Opportunity Financial (NASDAQ: OPRT – Get a rating) last announced its quarterly results on Thursday, February 24. The company reported earnings per share of $0.82 for the quarter, beating Thomson Reuters consensus estimate of $0.72 by $0.10. The company posted revenue of $194.10 million in the quarter, versus a consensus estimate of $184.52 million. Oportun Financial had a net margin of 7.56% and a return on equity of 12.00%. The company’s quarterly revenue increased by 37.9% compared to the same quarter last year. In the same quarter last year, the company earned $0.42 per share. As a group, research analysts expect Oportun Financial to post 1.54 earnings per share for the current year.
Separately, director Louis Miramontes sold 5,357 shares of Oportun Financial in a trade on Monday, March 14. The shares were sold at an average price of $13.76, for a total transaction of $73,712.32. The sale was disclosed in a legal filing with the SEC, accessible via this link. Insiders of the company hold 12.60% of the shares of the company.
Several institutional investors and hedge funds have recently increased or reduced their stake in the stock. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Oportun Financial by 0.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,343,835 shares of the company valued at $83,696,000 after purchasing an additional 17,173 shares last quarter. BlackRock Inc. increased its stake in Oportun Financial by 1.6% in the third quarter. BlackRock Inc. now owns 2,736,185 shares of the company valued at $68,486,000 after acquiring 42,644 additional shares in the last quarter. Wellington Management Group LLP increased its stake in Oportun Financial by 37.9% in the third quarter. Wellington Management Group LLP now owns 2,225,454 shares of the company valued at $55,703,000 after acquiring an additional 611,601 shares in the last quarter. Ashford Capital Management Inc. increased its stake in Oportun Financial by 16.8% in the fourth quarter. Ashford Capital Management Inc. now owns 1,693,764 shares of the company valued at $34,299,000 after acquiring an additional 243,874 shares in the last quarter. Finally, Ribbit Capital GP III Ltd. acquired a new stake in Oportun Financial in Q4 worth $11,283,000. Institutional investors hold 74.52% of the company’s shares.
Oportun Financial Company Profile (Get a rating)
Oportun Financial Corporation provides financial services. It offers personal loans, car loans and credit cards. The company serves its customers online and by telephone, as well as through point of sale. It operates in 24 states in the United States, including Arkansas, Delaware, Indiana, Kentucky, Mississippi, Montana, North Dakota, New Hampshire, Oregon, South Carolina, South Dakota and Virginia.
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