Oportun Financial (NASDAQ:OPRT) Price target reduced to $21.00
Opportun Financial (NASDAQ:OPRT – Get a rating) saw its target price reduced by equity researchers BTIG Research from $27.00 to $21.00 in a report on Tuesday, Fly reports. BTIG Research’s target price would indicate a potential upside of 94.99% from the company’s previous close.
A number of other research firms have also weighed in on the OPRT recently. JMP Securities cut its price target on shares of Oportun Financial from $26.00 to $17.00 and set a “market outperformance” rating on the stock in a Friday, July 15 research note. Barclays cut its price target on Oportun Financial shares from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Oportun Financial from $21.00 to $14.00 in a Monday July 11 research note. Five research analysts rated the stock with a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $18.50.
Timely Financial Stock up 6.2%
OPRT stock opened at $10.77 on Tuesday. Oportun Financial has a 12-month low of $7.83 and a 12-month high of $27.95. The company has a market capitalization of $353.36 million, a P/E ratio of 3.82 and a beta of 1.49. The company’s 50-day moving average price is $9.55 and its two-hundred-day moving average price is $12.56.
Opportun Financial (NASDAQ:OPRT – Get a rating) last released its quarterly results on Monday, August 8. The company reported earnings per share of $0.11 for the quarter, beating consensus analyst estimates of $0.07 by $0.04. Oportun Financial had a net margin of 12.76% and a return on equity of 18.01%. The company posted revenue of $226.00 million for the quarter, versus a consensus estimate of $214.60 million. During the same period last year, the company posted EPS of $0.38. The company’s quarterly revenue increased by 63.8% compared to the same quarter last year. Stock analysts predict that Oportun Financial will post EPS of 1.91 for the current year.
Insider buying and selling
In related news, Director Aida Alvarez sold 18,181 shares of Oportun Financial in a trade that took place on Thursday, June 2. The shares were sold at an average price of $11.46, for a total transaction of $208,354.26. As a result of the sale, the administrator now directly owns 18,874 shares of the company, valued at approximately $216,296.04. The transaction was disclosed in a document filed with the SEC, accessible via this link. 5.50% of the shares are held by company insiders.
Institutional entries and exits
A number of hedge funds and other institutional investors have recently changed their holdings in the company. Daiwa Securities Group Inc. increased its stake in shares of Oportun Financial by 7.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 83,191 shares of the company valued at $1,685,000 after acquiring an additional 6,000 shares last quarter. Los Angeles Capital Management LLC increased its stake in shares of Oportun Financial by 63.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 33,663 shares of the company valued at $682,000 after acquiring 13,104 additional shares last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in the shares of Oportun Financial by 46.3% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,578 shares of the company valued at $94,000 after acquiring 1,448 additional shares last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Oportun Financial in Q4 worth $5,024,000. Finally, Concourse Financial Group Securities Inc. purchased a new stake in Oportun Financial stock in Q4 worth $60,000. Institutional investors and hedge funds hold 70.58% of the company’s shares.
Oportun Financial Company Profile
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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