Opportun Financial (NASDAQ:OPRT – Get a rating) saw its target price lowered by equity researchers at Keefe, Bruyette & Woods from $21.00 to $14.00 in a report on Monday, Fly reports. Keefe, Bruyette & Woods’ price target suggests a potential upside of 70.94% from the company’s previous close.
A number of other equity analysts have also recently commented on the OPRT. BTIG Research reissued a “buy” rating and posted a $27.00 price target on Oportun Financial shares in a research note on Thursday, April 14. Loop Capital began covering Oportun Financial in a research report on Monday, March 14. They set a “buy” rating and a price target of $24.00 on the stock. Finally, Barclays cut its price target on Oportun Financial from $27.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday. Five equity research analysts rated the stock with a buy rating. Based on data from MarketBeat.com, Oportun Financial currently has an average rating of “Buy” and a consensus target price of $22.17.
Shares of NASDAQ OPRT were down $0.62 during Monday trading hours, hitting $8.19. The stock recorded a trading volume of 1,537 shares, compared to an average volume of 182,228 shares. The company has a market capitalization of $268.75 million, a price-earnings ratio of 2.90 and a beta of 1.50. The company’s fifty-day moving average price is $10.45 and its two-hundred-day moving average price is $14.15. Oportun Financial has a 52-week low of $8.11 and a 52-week high of $27.95.
Opportun Financial (NASDAQ:OPRT – Get a rating) last announced its quarterly results on Monday, May 9. The company reported earnings per share (EPS) of $1.42 for the quarter, beating consensus analyst estimates of $0.37 from $1.05. The company posted revenue of $214.70 million in the quarter, versus analyst estimates of $198.40 million. Oportun Financial had a return on equity of 18.01% and a net margin of 12.76%. Oportun Financial’s quarterly revenue increased 58.7% year over year. In the same quarter a year earlier, the company had earned earnings per share of $0.27. As a group, equity research analysts expect Oportun Financial to post EPS of 1.96 for the current year.
In other news, Director Aida Alvarez sold 18,181 shares in a trade dated Thursday, June 2. The shares were sold at an average price of $11.46, for a total transaction of $208,354.26. Following the sale, the director now directly owns 18,874 shares of the company, valued at approximately $216,296.04. The transaction was disclosed in an SEC filing, available at this hyperlink. 5.50% of the shares are currently held by company insiders.
Several hedge funds have recently bought and sold shares of OPRT. Baker Tilly Wealth Management LLC increased its position in shares of Oportun Financial by 7.4% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 10,404 shares of the company worth $211,000 after purchasing an additional 718 shares in the last quarter. M&T Bank Corp raised its position in shares of Oportun Financial by 4.0% in the 1st quarter. M&T Bank Corp now owns 23,246 shares of the company worth $334,000 after buying 894 more shares in the last quarter. PDT Partners LLC increased its position in shares of Oportun Financial by 7.3% during the 1st quarter. PDT Partners LLC now owns 19,794 shares of the company worth $284,000 after purchasing an additional 1,346 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Oportun Financial by 46.3% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,578 shares of the company worth $94,000 after purchasing an additional 1,448 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in shares of Oportun Financial by 113.3% during the 1st quarter. Quantbot Technologies LP now owns 3,200 shares of the company worth $45,000 after purchasing an additional 1,700 shares in the last quarter. 70.58% of the shares are currently held by institutional investors and hedge funds.
About Opportun Financial (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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