In yesterday’s Wall Street session, Oportun Financial Corporation (NASDAQ:OPRT) shares traded at $5.11, down -3.77% from the previous session.
As of this writing, 6 analysts cover Oportun Financial Corporation (NASDAQ:OPRT). The consensus rating among analysts is ‘Buy’. OPRT stock price is now -18.16% away from the 50-day moving average and -25.04% away from the 200-day moving average. The market capitalization of the company currently stands at $169.65M.
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There are 1 analysts who have given it a hold rating, whereas 5 have given it a buy rating.
With the price target reduced from $7 to $6, Barclays Downgraded its rating from Overweight to Equal Weight for Oportun Financial Corporation (NASDAQ: OPRT). On March 14, 2022, Loop Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $24, while ‘JP Morgan’ rates the stock as ‘Overweight’.
In other news, Vazquez Raul, Chief Executive Officer bought 20,577 shares of the company’s stock on Nov 11. The stock was bought for $139,292 at an average price of $6.77. Upon completion of the transaction, the Chief Executive Officer now directly owns 233,709 shares in the company, valued at $1.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11, CFO & Chief Admin Officer COBLENTZ JONATHAN AARON bought 8,575 shares of the business’s stock. A total of $57,755 was incurred on buying the stock at an average price of $6.74. This leaves the insider owning 147,647 shares of the company worth $0.75 million. Insiders disposed of 746,134 shares of company stock worth roughly $3.81 million over the past 1 year. A total of 5.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OPRT stock. A new stake in Oportun Financial Corporation shares was purchased by MADRONE ADVISORS, LLC during the first quarter worth $4,767,000. EMG HOLDINGS, L.P. invested $3,467,000 in shares of OPRT during the first quarter. In the first quarter, TEJARA CAPITAL LTD acquired a new stake in Oportun Financial Corporation valued at approximately $1,144,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in OPRT for approximately $472,000. SQUAREPOINT OPS LLC purchased a new stake in OPRT valued at around $253,000 in the second quarter. In total, there are 171 active investors with 72.10% ownership of the company’s stock.
Wednesday morning saw Oportun Financial Corporation (NASDAQ: OPRT) opened at $5.34. During the past 12 months, Oportun Financial Corporation has had a low of $4.03 and a high of $14.91. The fifty day moving average price for OPRT is $6.24 and a two-hundred day moving average price translates $6.82 for the stock.
The latest earnings results from Oportun Financial Corporation (NASDAQ: OPRT) was released for Sep, 2022. According to the Credit Services Company, earnings per share came in at $0.25, beating analysts’ expectations of -$0.11 by 0.36. This compares to $0.75 EPS in the same period last year. The net profit margin was -8.40% and return on equity was -9.00% for OPRT. The company reported revenue of $232.12 million for the quarter, compared to $145.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 59.59 percent. For the current quarter, analysts expect OPRT to generate $259.45M in revenue.
Oportun Financial Corporation(OPRT) Company Profile
Oportun Financial Corporation provides financial services. It offers personal loans, auto loans, and credit cards. The company serves customers online and over-the-phone, as well as through retail locations. It operates in 24 states in the United States, which include Arkansas, Delaware, Indiana, Kentucky, Mississippi, Montana, North Dakota, New Hampshire, Oregon, South Carolina, South Dakota, and Virginia. Oportun Financial Corporation was founded in 2005 and is headquartered in San Carlos, California.
